Workers hit hard by mass layoffs in Vietnam

A job fair at the University of Economics Ho Chi Minh City. - baodansinh.vn

HANOI (Vietnam News/Asia News Network): Many Vietnamese firms are going through rounds of layoffs as the global economic downturn shows no sign of abating since starting last year.

PouYuen Vietnam Company LTD is one of those that have felt the pinch of the economic retreat. The company has announced a plan to terminate 2,300 posts and trim ranks at its Sections C and D in the short term.

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