According to reports in foreign media, Indian hotel start-up OYO plans to cut about 5,000 employees around the world and China will be the most impacted market where about 3,000 people may lose their jobs.
According to reports in foreign media, Indian hotel chain brand OYO will cut several thousand employees in China and India.
British retail giant Tesco has signed its first collective labor contract with employees in China.
Jiangsu-based supermarket chain Suguo plans to hire 18,000 new employees in 2012 to meet its development and growth needs.
U.S. fast food giant Yum Brands Inc. reported recently that its labor and commodity costs in China were likely to increase in the second half of 2010.
Chinese electronics retailer Suning has published a notice that the company will suspend its equity incentive plan made in July 2008.
An industry alliance consisting of wholesalers, retailers, restaurateurs and other service providers in Hong Kong has signed an agreement on not reducing staff during the global financial crisis.