ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Wage cuts begin in China as coronavirus weakens companies

Government turns a blind eye preferring it to job losses

A worker at cable factory in Guiyang, China. Many employees have taken pay cuts in the virus-hit economy.   © Reuters

SHANGHAI -- A growing number of Chinese employers have cut employee pay as the novel coronavirus outbreak wreaks havoc on industries from autos and retail to tech and advertising.

Most workers have accepted the reductions because of poor employment prospects in the virus-hit economy. The Chinese government, circumspect of massive job losses, has signaled tolerance for the trend.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more