Reporters' Log

Sany to hire 1,000 graduates in '09

By Liu Weling, Feng Zhiwei, Diao Ying and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-08 12:12

Chinese heavy machinery maker Sany Heavy Industry Co plans to recruit 1,000 graduates this year and vows not to slash jobs and cut salary, its president said.

The Hunan-based company, which makes concrete pumps and road rollers, will assign those newly recruits to strengthen its R&D capacities, Xiang Wenbo, president of the company, said in an interview with China Daily.

Related readings:  Sany expects sales to hit 30 billion yuan in 2009  Companies cut executive pay  China's Sany Heavy to build plant in Germany

"We will also not cut jobs and slash pays for our ordinary employees this year," Xiang said at the ongoing annual session of the National People's Congress.

"We have confidence in our company and Chinese economy, so we just want to increase our human resources reserves," Xiang said.

Sany Heavy announced earlier this year that its chairman will only receive 1 yuan annual pay this year and its border members will cut their salary by as much as 90 percent, and its senior management 50 percent, to cope with the economic downturn.

But the machinery maker, which has recently announced a 1 billion Euro investment in Germany, said it will not cut jobs and salary for other employees.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more