HK firms freezing wages - survey
18-03-2009
A survey has found that many companies in Hong Kong are freezing the pay of their staff - after four years of moderate salary increases. The Hong Kong Institute of Human Resource Management said the number of firms freezing salaries had increased to nearly 70 percent - the highest level since 2002. The co-chairman of the institute's remuneration committee, Lai Kam-tong, urged employers and staff to work together to get through the current difficult times.
