Rumor is
Integrated media on November 25 against the news media today reported that the China Aluminum in order to save costs, the temporary worker program and return 5513's news. China Aluminum Company responsible person in connection Netease Financial, said: "This news is purely rumor, there is no aluminum in the scheme."
The official said that this news group in charge of the work of the Ministry of Personnel are not clear, she thinks that is not true.
24 media have reported that China Aluminum (601600) has announced that as alumina, aluminum prices fell, sales of no use and flexibility in production this year and next year to start the program, contracted investment front, the efficiency of this fall, so far 5513 temporary workers who have been removed. Analysts said that China is only the first step in aluminum costs, but also state-owned enterprises lay off the starting point, followed by state-owned enterprises will have more to join the ranks of job cuts.
In addition, the Chinese believe that Alcoa's return may be just the starting point for the state-owned enterprises lay off, and then there will be more cost pressure faced by state-owned enterprises, more state-owned enterprises to join the ranks of job cuts.





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