Vietnam Lays Off Half a Million Workers:...
From Times Staff and Wire Reports
Vietnam Lays Off Half a Million Workers: Communist Vietnam, struggling to breathe life into an economy stifled by years of central planning, has laid off nearly half a million workers from state-run firms, official newspapers reported. Government firms, forced under new open-market laws to pay their own way, have found it impossible to sustain a work force inherited from decades of subsidized socialist rule. The army daily, Quan Doi Nhan Dan, said the government has retired 90,000 people on a pension and laid off 360,000 more over the past year.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
