More than 200 enterprises promise no job or salary cuts in Shanghai

Special Report:Global Financial Crisis

SHANGHAI, Dec. 27 (Chinese media) -- Managers of more than

200 enterprises in Shanghai, China's business hub, promised Saturday they would

not cut jobs or salaries in the wake of global financial crisis.

"Enterprises should face up to the serious economic

situation and take courage to fulfill social responsibilities," said a

declaration by managers attending the activity of offering help and service to

the local workers.

The activity was held by Shanghai Municipal Trade

Union Council (SMTUC).

"We would not lay off workers to increase the

pressure of the society," the declaration said.

Jiang Xiaoming, general manager of Shanghai Xiangsa

Property Management Co. Ltd, said senior workers would see their monthly wages

rise by 50 yuan (7.3 U.S. dollars) to several hundred yuan.

"Despite the difficulties, we decide to raise the

wages so that workers can enjoy a happy Spring Festival, the most important

holiday for the Chinese."

More than 280 enterprises held job fairs Saturday to

offer about 2,200 posts, mostly to job-hunters in the service industry, migrant

workers, senior labors or those who wanted to start businesses.

Trade unions of all levels in Shanghai are expected

to raise more than 140 million yuan before the Spring Festival to help more than

300,000 workers living hard life, said a SMTUC official.