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.