Shougang Group in staffing drive

http://www.chinaccm.com 2007-6-28 13:34

    Shougang Group, China's No 9 steel mill in 2006 by production, 
Wednesday announced that it will recruit more than 80 high-level 
professionals from home and abroad for its landmark relocation. 

    The government-controlled company will put the new recruits in 
key positions for its steel and machinery-making, real estate and 
cultural businesses, said Zhu Jimin, Shougang's chairman. 

    "We need talents badly to build Shougang into a first-class company
 in terms of products, environmental protection, management and 
economic efficiency," Zhu said. 

    Following a government order, Shougang plans to halt all of its 
steel production in Beijing, its current home base, by 2010, as part 
of efforts to alleviate pollution in the host city of the 2008 
Olympics. 

    The group in March started constructing a 9.7-million-ton steel 
plant on a tiny island in neighboring Hebei Province with Tangshan 
Iron & Steel Corp, China's third-biggest steel producer. 

    However, Shougang will continue to keep its headquarters and non-
steel businesses in the western outskirts of Beijing. 

    A group executive said it will provide "munificent pay and benefits
" to those joining Shougang. The new executives will have a minimum 
yearly salary of 240,000 yuan and a one-off housing allowance of 
300,000 yuan. 

    Zhang Guobao, vice-minister of the National Development and Reform 
Commission, China's top economic planner, said government departments 
concerned and Shougang will form a coordinating group to help the 
company hunt for talent. 

    "Shougang doesn't have sufficient talent as its relocation is an 
unprecedented move in the world's steel industry," Zhang said. 

    The group now has an annual steel production capacity of more 
than 8 million tons in Beijing and 4 million tons in Hebei. Last year, 
Shougang's crude steel production reached 10.54 million tons. 

    According to a plan revealed earlier, Shougang will raise its steel
 production to 20 million tons annually by 2010. The group also aims to
 double its turnover and profits by 2010 from 2005.