Categories
Business Practice Economics & Trade Law & Regulation Politics & Society

Beijing pushes SOEs to hire veterans as it cuts 300,000 soldiers

Beijing will assess annually whether state-owned enterprises have met an existing requirement to reserve 5% of vacancies for former members of the People’s Liberation Army as it also pushes ahead with a cut of 300,000 personnel from the armed forces in a drive to modernize China’s military, The Financial Times reported, citing state media. Song Zhongping, a Beijing-based expert on China’s military, said that while SOEs might find it difficult to take on the veterans at a time when they have been told themselves to cut staff and become more efficient, they would obey the party’s instructions since this was a “political task”.

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading