Tuesday, March 15, 2011

Number of Workers Employed by Large Korean Firms Declines in 2010

From Yonhap News:

The number of workers employed by large businesses in South Korea declined for the first time in three years in 2010 despite the overall economic recovery, data showed Tuesday.

The number of people working for large companies -- those with more than 300 employees -- stood at 1.95 million at the end of last year, down 31,000 from the same period a year earlier, according to the data by Statistics Korea.

The 2010 fall is attributable in part to the trend among large conglomerates to improve labor productivity rather than to recruit workers in their efforts to overcome the latest economic crisis, experts said.

http://english.yonhapnews.co.kr/national/2011/03/15/95/0302000000AEN20110315001500320F.HTML

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