Chinese Railways.(1.1 million to be laid off in partial privatization)(World Update)(Brief Article)

CHINESE RAILWAYS plans to shed 1.1 million employees--one third of its work force--as part of a major restructuring during the next three years. Officials say 300,000 workers will be cut, another 300,000 will be transferred to non-transport subsidiaries of CR. The fate of the other 500,000 is unknown. Although CR struggles to provide sufficient capacity for freight and passenger ...

More articles like this:

Loading
We're searching over:
  • 60 million articles
  • 3,500 publications


Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) Register Register