ChinaRealNews

Labor Contract Law has limited impact on enterprises’ labor cost

2008-09-28 Beijing

Because the regulations on termination of labor contract and salary for employees in probationary period only involve some employees, the implementation of the Labor Contract Law will have a limited impact on enterprises’ labor cost, said Qiu Xiaoping, director of the Labor Relations Bureau of the Ministry of Human Resources and Social Security of China.

A Group from Imperial Tobacco Visits Hongta Group

2008-09-28 Beijing

Recently a group led by a operation director of Imperial Tobacco visited Hongta Group, to discuss about cooperative affairs. Accompanied by Li Suiming, president of Hongta, the group visited some plants. During a meeting, the operation director introduced operation status of Imperial Tobacco and the company’s partner relationships. Hongta hopes to strengthen cooperation with Imperial Tobacco in Laos and Vietnam, said Mr Li in the meeting. 

Implementation Measures for Paid Annual Leave for Enterprise Employees to be effective from September 18

2008-09-28 Beijing
 
The Implementation Measures for Paid Annual Leave for Enterprise Employees will come into force on September 18. Under the measures, employee, whose work seniority in his current company is less than or equal to 12 months, shall not be entitled to enjoy the paid annual leave. In addition to national legal holidays and off days, home leave, marriage or funeral leave and maternity leave as given by the state shall also be additional to paid annual leave, according to the regulation.

Jiang Chengkang, Zhang Baozhen Meet with Leaders from International Tobacco Giants

2008-09-27 Beijing

China State Tobacco Monopoly Administration Chief Commissioner Jiang Chengkang and Deputy Chief Commissioner Zhang Baozhen recently met with leaders from British American Tobacco, Altria Group and Japan Tobacco Inc to discuss further cooperation in Beijing. Jiang exchanged views with Louis Camilleri, chairman and CEO of Altria Group, on enhancement of cooperation between the Chinese tobacco sector and Altria Group, which formed a partnership with China National Tobacco Corporation in early 2008. Under an agreement signed in December 2005, the group agreed to sell Chinese cigarettes internationally in exchange for production of Marlboro products in China.

Enterprises advised to do everything to evade risks before cutting jobs

2008-09-27 Beijing

With massive layoffs rambling over the world, more and more enterprises in China have taken action to cut jobs, in a move to partly offset pressures of soaring costs. Among all the affected companies, many multinational enterprises, including Nokia, Citigroup and Siemens, have taken a big hit. According to industry analysts, as job-cutting is inevitable, enterprises should do everything to evade and reduce risks facing both themselves and employees.

Open-ended contracts not equal to lifelong employment

2008-09-27 Beijing

Referring to the fact that many companies attribute their increased costs to the implementation of the Labor Contract Law, Yin Weimin, minister of China’s Ministry of Human Resources and Social Security, said the rising costs are caused by many reasons, including the soaring prices of energy resources and raw materials, the appreciation of the yuan and the reduced tax rebate rates on exported products, in addition to the increased labor costs. Most of those who complain about the labor law are non-compliant companies, Yin added. In addition, the so-called open-ended contracts do not equal to lifelong employment, and companies still can terminate contracts with their employees according to relevant rules.

Hongyun Group Signs Contract with G.D for Equipment Import

2008-09-27 Beijing

Hongyun Group signed a contract with Italy-based G.D on September 10 for the supply of advanced packaging machines. This is the biggest single equipment import contract in the Chinese tobacco industry to date, representing a substantial step taken by Hongyun Group to build itself into a first-class tobacco enterprise in China. A spokesperson for G.D said they are honored to bring advanced equipment to such an excellent enterprise as Hongyun Group.

Quality Healthcare provides children kidney screening package

2008-09-26 Beijing
 
In support of many parents’ response to recent incidents of melamine-tainted milk products in Mainland China, Quality Healthcare yesterday announced the company will launch affordable children kidney screening services, for the assessment of kidney health conditions. In addition, the company will continue to have close communications with the Department of Health to ensure all cases requiring further follow-up can be timely identified and referred.

More Chinese auto brands penetrate Chile’s market

2008-09-26 Beijing

BYD, Zhongxing and Jiangling vehicles started to be sold in Chile this week. To date, seven Chinese auto brands have penetrated Chile’s market. They have gradually earned reputation in the country for fairly good price-performance ratios.  

Foreign retail heavyweights eye China expansion

2008-09-26 Guangzhou

Wal-Mart recently opened two outlets in Shaoguan, Guangdong province and Kunshan, Jiangsu province. In addition to Wal-Mart, a number of retail giants, including JUSCO, Lotte Mart and Carrefour, have announced that they will speed up their expansion in the enormous Chinese market. AEON, parent of JUSCO, plans to increase the number of its outlets in China to 100 over the next three years. The company currently operates 39 outlets in the country, including 19 supermarkets.