MORE and more Chinese companies are hiring foreign experts who have already retired in their own countries.
A leading Chinese electrical household appliance maker has hired 34 retired experts from Japan and 14 from South Korea.
“Because of fierce competition, these people were forced to retire at the age of 50 in their home countries,” said Galanz Group vice-president Yu Yaochang.
“But they are just the very talents we need.”
According to Yu, Galanz provides these experts with housing and an annual salary averaging from 240,000 to 400,000 yuan (RM110,000 to RM183,000) per person, which is quite high by Chinese standards.
“These people have a strong sense of responsibility, rich experience and superior skills. They have been very helpful to the development of Chinese companies,” said Yu.
According to Yu, Galanz has benefited from Japanese experts' knowledge of manufacturing, layout of production facilities, development of components and industrial design skills.
Other companies taking advantage of opportunity include big-name Chinese electrical household-appliance makers Skyworth, TCL and Hisense.
Hisense Group chairman Zhou Houjian once acknowledged hiring a few retired technical experts from Sony and Panasonic.
Skyworth Group vice-president Zhang Xuebin said Japanese experts on its payroll had rich experience in managing an international company. – China Daily