Posted inChina, Shanghai

Shanghai Centaline cuts salaries to survive ‘real estate winter’

As the housing industry continues to face downward pressure, real estate giant Centaline Property Agency’s Shanghai branch says it has had to slash salaries and employee benefits, The Paper reported. The full attendance award for all positions in the company was temporarily cancelled. While the communication allowance, seniority pay and commuting subsidy were halved. In addition, […]

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