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Survey: Most multinationals not to cut staff in Q1

By Liu Jie (chinadaily.com.cn)
Updated: 2009-01-23 11:48

The majority of the multinational companies interviewed in a recent survey said they will unlikely cut staff in China, at least in the first quarter of 2009, despite the business downturn.

The report from Hudson, a global recruitment firm, surveyed 858 senior executives of China operations of multinational companies in different business sectors.

Thirty four percent of the respondents said that they will increase their companies' headcounts in 2009 first quarter, compared with 44 percent in the previous quarter survey, and 61 percent in the survey at 2008 first quarter.

The report said that 47 percent of the respondents said they were confident that their enterprises will do well in 2009. Only 8 percent of the respondents said business will slump.