Layoffs trigger panic among foreign multinational employees – China

Chinese employees of multinationals are finding their jobs no longer secure.  Consider the number of recent layoffs in the mobile industry (the sector where I work):

  • Nokia – announced layoffs since July 2012
  • Motorola – laying off after the Google acquisiton
  • ST-Ericsson – dissolving it’s joint venture and laying off employees worldwide, including China

No wonder employees are worried.  I have had a number of new grad turn down offers and decided to join local state-owned or China-based national companies, for more job stability.

 

via Layoffs trigger panic among multinational employees – China.org.cn.

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