Top 10 job shedders in China 2011

By Lu Na
0 Comment(s)Print E-mail China.org.cn, April 6, 2012
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By the end of April 5, 1,343 listed companies of A-shares in Shanghai and Shenzhen disclosed their 2011 annual reports. The profits paid out to stockholders of parent companies reached 1.645 trillion yuan (US$260.75 billion), increasing 13.77 percent compared with 2010, according to the statistics of Wind Information Co., Ltd. Additionally, 1,302 companies paid out 311.1 billion yuan (US$49.3 billion) for workers' salaries, seeing a 13.39 percent year-on-year growth.

These 1,302 listed companies had nearly 9.84 million employees at the end of last year, an increase of 586,400 people from 2010. However, 381 companies cut 182,484 employees since 2010.

The total number of employees in the textile and apparel industry is now 155,160, down 19,139 since 2010, a decrease of 10.98 percent. The decrease ranks No.1 among all industries. The household appliance industry cut 22,027 people, a drop of 7.34 percent.

The top three industries adding employees are food and beverage, real estate and commerce and trade. By the end of 2011, employees in these industries numbered 166,335, 139,789 and 261,266, respectively, with a growth rate of 16.41 percent, 16.23 percent and 15.37 percent.

In addition, the financial services industry added 122,254 new employees, featuring the largest number of the new employees, with a 5.8 percent growth rate.

• Also see: Top 10 listed companies in increasing new employees in 2011

Stock Code

Company

Workforce

(by 2011)

Jobs

culled

Change

(%)

Industry

000921. SZ

Hisense Kelon Electrical Holdings Co Ltd

31,010

3,125

-9.15

Household Appliances

002042. SZ

Huafu Top Dyed Melange Yarn Co Ltd

18,362

3,314

-15.29

Textile & Apparel

000856. SZ

Tangshan jidong equipment engineering Co  Ltd

4,478

3,474

-43.69

Building Materials

600362. SH

Jiangxi Copper Corporation

22,500

5,379

-19.29

Nonferrous Metal

002594. SZ

BYD Co Ltd

177,624

5,693

-3.11

Transportation Equipments

601600. SH

Aluminum Corp Of China Ltd

101,259

6,997

-6.46

Nonferrous Metal

600030. SH

CITIC Securities Co Ltd

5,371

10,105

-65.29

Financial Service

600029. SH

China Southern Airlines Co Ltd

54,326

10,759

-16.53

Transportation

600177. SH

Youngor Group Co Ltd

24,704

17,199

-41.04

Textile & Apparel

000527. SZ

GD Midea Holding Co Ltd

66,497

32,179

-32.61

Household Appliances

 

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