2009年1月29日星期四

No payroll cut despite business

Zhejiang Province was one of China's major manufacturing centers in the second half of 2008 and was hit hard by the financial crisis. More than 1,200 companies shut down and 300 business owners fled without undergoing bankruptcy procedures.
They left behind them thousands of unpaid employees and huge amounts of debt, according to the provincial bureau of industry and commerce.
Shen said it was irresponsible for businessmen to cut payroll whenever their businesses were in trouble.

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