Source: SCMP — Business & Markets
The outlook for China’s young jobseekers could worsen further, after an ugly fallout from Xingyu’s mass dismissal of university graduates Two of the firm’s top executives received salary deductions and two human resources managers were dismissed or demoted for their “misjudgment and hasty decision-making”, the company said in a lengthy statement detailing its recent “mistake” last week. They could either resign “voluntarily” and receive half a month’s salary, or stay and be reassigned from office-based technical roles to factory-floor work, including tightening screws.
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