Taiwan's state-run companies are expected to trim at least another 2,000 jobs this year after slashing 5,400 workers last year, officials said yesterday.
"We estimate that the state-owned enterprises will reduce 1,900 jobs this year to cut cost and increase competitiveness," said a spokesman at the Commission of National Corporation, which oversees 12 state-run firms.
Taiwan's state-run firms already cut a total of 5,461 jobs last year, of which 2,342 were trimmed by the debt-ridden China Shipbuilding Corp (
China Shipbuilding was on the verge of bankruptcy last year after losing some NT$10 billion (US$285.71 million) over the past few years. It posted NT$2.54 billion in pre-tax losses in the 11 months to November.
Reforms call for the company to lay off another 2,400 workers and the rest to take a 35-percent salary cut over the next two years.
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