Archives 2007

Risky job at Citigroup

CITIGROUP Inc replaced David Bushnell as chief risk officer, two weeks after the largest United States bank said writedowns on mortgage-related investments may lead to its first quarterly loss since at least 1998.

Jorge Bermudez, 56, whose 30-year career at Citigroup includes experience in risk management and operations, takes over for Bushnell effective immediately, the New York-based bank said in a statement. Bushnell, 53, a 22-year veteran who also serves as chief administrative officer, will retire on December 31.

Bushnell is at least the fifth executive to be forced out or reassigned at Citigroup as this year’s credit-market turmoil in the US ravaged the bank’s investments in subprime mortgages and related bonds. The company’s board ousted Chief Executive Officer Charles Prince on November 4, three weeks after Prince himself replaced three top trading executives.

“They’re addressing a situation that should have been addressed two years ago,” William Smith, who manages about US$80 million, including 71,000 Citigroup shares as president of Smith Asset Management, told Bloomberg News. “Heads have to roll, and Bushnell’s head was next to roll.”

The company’s stock has tumbled 39 percent this year.

Citigroup said earlier this month bad subprime investments might result in as much as US$11 billion of writedowns this quarter. The losses are on top of US$3.15 billion of writedowns on subprime mortgages and leveraged loans reported for the fourth quarter.

Lighting Design Engineer

Job Description:
Company introduction: With over 60 years development, our client is in a leading position today in Sweden and the export market is developing positively. By focusing on design, function, flexibility and energy-saving solutions, they are creating the light fittings and luminaires of the future. It has approximately 1 200 employees, including more than a hundred people working in its foreign sales companies. It¡¯s business concept is to develop, manufacture and market qualified lighting systems for the respective business area. The goal is to offer products combining state-of-the-art technology and lighting know-how and deliveries from our own customer order-steered production. Now£¬they aree looking for talents to join there company in China.
Report To: GM
Location:SuZhou
Responsibilities & Requirements:
1.Make indoor lighting design for public building projects;
2.Communicate with customers as support to project sales;
3.Cooperate with partners such as architects, lighting consultants and so on.
4.Bachelor¡¯s degree in lighting and related major£»
5.Have 3 years experience in professional lighting design;
6.Familiar with AutoCAD, Dialux;
7.Strong language skills both in English and Chinese;
8.Commitment to the job being undertaken;
9.Good communication skills, with teamwork spirit.

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_eng071sz#dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name £¨in either En or Ch £©

Foreign food firms keen to bite into huge market

FOREIGN food companies are making a beeline to China hoping to tap the huge potential in the imported food industry as they cash in on people’s rising disposable income and easing of import tariffs.

A record 800 companies from 35 countries and regions yesterday promoted their food specialities and beverages at FHC China 2007 in Shanghai for the first time.

One of the largest international food, wine and hospitality equipment and supply exhibitions, it opened yesterday and will end tomorrow at Shanghai New International Expo Center in Pudong New Area.

A wide variety of imported products will be displayed, from fresh and preserved foods, beverages, wine and spirits, bakery ingredients to confectionery, suggesting foreign companies are really eager to tap the emerging market.

Seven Austrian companies are showcasing food specialities like Julius Meinl Coffee, Darbo jams and Pfaffl wines at their pavilions.

“China’s entry to the World Trade Organization has lowered tariffs and brought economic liberalization that yielded gains for US food exports,” said Wayne Batwin, an official from the Agricultural Trade Office at the US Consulate Shanghai.

“Continued economic growth boosted the demand for high-quality foods and improvements in retail, distribution and transport system also increased competitiveness of imported food and beverages in the local market,” Batwin added.

Metro Cash & Carry China is one foreign food and beverage company which is benefiting from Chinese people’s interest in imported food.

Revenue of imported food now makes up 10 percent of Metro China’s total food sales and the retailer plans to set up an imported food area in all its 34 stores nationwide to meet consumers’ demand, Philippe Bacac, general manager of Metro Cash & Carry China East China Business unit, said.

Besides wine, snack foods such as ice creams and frozen foods are also becoming popular.

“The competition in the snack foods sector is quite demanding amid people’s growing disposable income and willingness to try new things,” said Zhong Wei, marketing manager of Gourmedis (China) Shanghai Office. He also added that sales were also boosted as consumers trusted imported food meets international safety standard.

Gourmedis, which added Alberto Pizza, Cellini Coffee and Maina cakes into its existing 1,000 items under 15 brands this year, has generated a revenue of 30 million yuan (US$4.1 million) since late last year.

“We are confident we will double our turnover next year,” Zhong said.

Legal, finance & adminstration manager

The company is based in the Netherlands, designs, makes and sells safe and robust pedal go-karts, trampolines and other professionally used outdoor toys. What began as a hobby, has in 25 years grown into a thriving international company with 100 employees and 3.000 dealers in more then 25 countries worldwide.

Location:NingBo

Job description:
1. Strong involvement in the setup of the administrative and financial organisation of our new distribution and sourcing centre
2. Responsible for the communication with the Dutch Purchase Department and Finance Department
3. Arranging customs, documentation, administrations and payment of the container shipments worldwide
4. Arranging correspondence and documentation with Chinese governmental organisations
5. Arranging payments to suppliers
6. Managing personnel and payroll

Skills and qualities:
1. University degree in Economics and preferably in Law as well
2. Native speaker of Chinese and fluent speaker of English
3. 4 years experience in customs, shipment and financial processes
4. 4 yeas experience in supervision
5. Communicative skills
6. Drive for success
7. Motivate skills

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_fi168nb#dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name £¨in either En or Ch £©

Manager logistics and sourcing

The company is based in the Netherlands, designs, makes and sells safe and robust pedal go-karts, trampolines and other professionally used outdoor toys. What began as a hobby, has in 25 years grown into a thriving international company with 100 employees and 3.000 dealers in more then 25 countries worldwide.

Job description:
1.Strong involvement in the setup and organisation of the new distribution centre
2.Sourcing parts for trampolines and pedal go-karts
3.Responsible for the communication with the Dutch Purchase Manager, Engineering Manager and Quality Manager
4.Arranging the deliveries to the distribution centre
5.Arranging contract negotiations and specifications
6.Arranging the physical inventory in Ningbo
7.Managing logistics supervisors and logistic crew in Ningbo

Skills and qualities:
1.University degree in Mechanical Engineering
2.Native speaker of Chinese and fluent speaker of English
3.4 years experience in Engineering and Production processes
4.4 years experience in supervising projects
5.Knowledge of desktop office software, CAD software (AutoCad, SolidWorks or dB Works) and ERP software
6.Communicative skills
7.Quality control
8.Drive for success
9.Motivate skills

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_mn181nb#dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name £¨in either En or Ch £©

Huawei will suspend ‘resignation’ plan

HUAWEI Technologies Co Ltd has agreed to suspend its controversial “voluntary resignation” scheme after talks with trade unions, the All China Federation of Trade Unions said on Saturday.

The federation said it called on China’s biggest maker of telecommunications network equipment to protect workers’ interests after its plan sparked fears that the company was trying to sidestep a new labor law.

The federation and union organizations in Guangdong Province and Shenzhen City, where Huawei is headquartered, called on Huawei to solicit workers’ opinions and respect their rights while making regulations related to their benefits.

Huawei would soon hold a workers’ conference to review the interim regulations, sources with the ACFTU said. A company source confirmed, on condition of anonymity, that they had reached a consensus with the trade unions.

He said the company agreed to suspend the plan, but the exact date to implement it will be decided after workers’ opinions were solicited at the conference since the plan was launched with their consent.

Huawei initiated a plan, calling for its staff who have worked for eight consecutive years to hand in “voluntary resignations,” according to Nanfang Daily.

The staff would have to compete for their posts, and sign new labor contracts with the firm once they were re-employed, while those who lost out would receive compensation.

On Friday, officials with the Shenzhen Federation of Trade Unions met with a Huawei vice president and they reached a consensus on three issues.

Development Engineer

Company introduction: Our client is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India’s private sector. Our client has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region. It now has set up three factories in China.

Job Description:
Location: Yan Cheng
1. In charge of development of various type of valves;
2. Interact with foundries, forges-shops and materials;
3. Tooling and production quality control;
4. Production and quality control for speedy and cost effective development;
5. Responsible for overall new production quality engineering, liaison with vendor development engineer and quality control engineer;
6. Qualify potential suppliers through factory and quality assurance process audit, shipment inspections and functional testing at supplier sites to ensure consistent product quality;
7. Integrate the design drawing from HQ and directly report to Technical Head in India;
8. Work closely with production engineer in the manufacturing sites;
9. Frequent travel in Yancheng and Binghai is required

Job Requirements:
1. Above 26 years old; bachelor degree in mechanical engineering or related major
2. With at least five years experience in manufacturing with valve knowledge, particularly cast steel gate, globe and check valves;
3. Be familiar with foundry, forges-shop and machining;
4. Knowledge of valve standards like ASTM, API, ISO, BS etc
5. Good English skills both in written and spoken;
6. Willing to travel in Jiangsu province.

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_eng070yc#dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name £¨in either En or Ch £©

Assistant QA Mgr

Company introduction: Our client was founded as a trading company in 1984. Based in Columbus, Ohio. They have stayed ahead of the curve, and in doing so has become an industry leader in designing, importing, and marketing innovative and fashion-forward home textiles. The product offering now includes comforters, duvet covers, sheets, decorative pillows, dust ruffles, window treatments & window hardware, shower curtains, coordinating bath towels & bath accessories. And, of course, quilts.
As their business has grown and changed, so have their sourcing capabilities. They were one of the first American companies to have a wholly owned subsidiary in Shanghai. In addition they maintain liaison offices in Pakistan, India, and Hong Kong. They have a 15 year advantage over the competition in knitting together a complex supply chain, and an extremely successful track record with their retail partners.

Job Description:
Report To:Senior QA Manager
Location:Shanghai
To assist QA Manager in achieving the goal of QA team — on time delivery with quality products and add value in sourcing/bulk stage.
Responsibilities:
1. Implement and maintain the QA system; suggest to QA Manager make adjustment if necessary;
2. Cascade update customer¡¯s request / feedback to QA stuff promptly. Monitor the QA staff execution closely;
3. Weekly review the inspection report to ensure them correctly and accurately;
4. Balance the workload of each QA auditor periodically;
5. Train QA personae on the field, in our inspection process/standards periodically;
6. Conduct the factory evaluation, and responsible for lav;
7. To complete any other assignments deemed by QA manager.

Job Requirements:
1. At least 5-6 years experience
2. University degree or equivalent;
3. Strong integrity and leadership;
4. Fluent in both Chinese and English;
5. Good communication skill.
6. Firm & determined

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_mn180sh#dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name £¨in either En or Ch £©

More highly qualified teachers attracted to work in China’s rural areas

BEIJING, Oct. 27 (Xinhua) — China has recruited nearly 17,000 new teachers to serve in rural areas teaching children for their nine years’ compulsory education, according to Wang Xumin, Chinese Ministry of Education spokesman.

Of those 17,000, a total of 68.4 percent are university graduates, said Wang Xuming at a regular press conference on Oct. 25. This represents an increase in graduate recruitment of 86 percent over the previous year.

China launched a special teaching program last year to encourage Chinese university graduates to act as teachers in the rural areas for compulsory education including education at primary school and junior high school levels.

The program, co-funded by central and local governments, recruits college graduates to serve a three-year term in rural schools and also offer them favorable policies for their future careers after they leave their teaching posts.

Under this program, the central government allocated 15,000 yuan (around 2,000 U.S. dollars) for each teacher recruited, and if the average yearly income in certain areas is higher than 15,000 yuan, the local government must allocate money to subsidize these teachers. And this year, the central government input has been increased to 18,960 yuan per person annually.

By now, 32,700 teachers have been recruited for the program, including 23,500 in junior high schools and 9,200 in primary schools.

“The quality of the teachers is crucial to education in rural areas and this program not only provides lots of qualified teachers for rural schools, but is also an innovative way of recruiting teachers,” Wang said.

The Party and central government has attached great importance to education in rural areas, he said.

“Since 2006, the central government has exempted rural studentsfrom tuition and miscellaneous fees for compulsory education in central and western regions. This year, this policy has been expanded to all rural areas in the country,” he noted.

Tuition fees range from 140 Yuan to 180 Yuan a year for primaryschools, to 180 Yuan to 230 Yuan for junior high schools.

QA/QC

Company introduction: Our client has many years experience as an “indoor environmentalist.” As the leader in this industry, they have always been a step ahead with the newest technologies and the savviest styles, which have created a true sign that they are the market leader.
With fully staffed operations in more than half-a-dozen world cities, it is able to leverage its worldwide presence to benefit each of its local markets. Marketing, manufacturing and distribution supported by an unsurpassed supply chain combine to allow them to get the right product at the right cost to its customers. It also allows for a comprehensive range of products to cover all the needs of their loyal customer base.

Job Description:
Report To:Supply Chain Manager
Location: Guangzhou
1.Provide customer service and handle customers enquiries on quality issues;
2.Formulate continuous improvement plan in meeting customers requirements;
3.Participate in product/ process modification and enhancement

Job Requirements:
1. University graduate or above with formal training on quality system management;
2. Minimum 5 years experience in factory audit and statutory compliance;
3. Good knowledge of Code of Conduct, SA8000 and testing/ safety standards;
4. Perform system audit and product inspection independently;
5. Excellent written and spoken in English and good command in Chinese and Mandarin;
6. Product knowledge in electrical appliances

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_oth049gz#dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name £¨in either En or Ch £©