TUESDAY, JULY 12, 1994
IN ADDITION TO ISSUING LETTERS AND QUESTION-AND-ANSWER
BRIEFS
ON THE PROPOSED PACKAGE ΤΟ ALL LECTURING STAFF, THE EDUCATION DEPARTMENT WILL ALSO ORGANISE MEETINGS AND OPEN FORUMS TO EXCHANGE VIEWS WITH STAFF ON THE PROPOSED ARRANGEMENTS.
PROPOSED IN THE BRIDGING OVER PACKAGE ARE, AMONGST OTHE THINGS, ARRANGEMENTS FOR TRANSFERRED LECTURING STAFF TO RETAIN AND CONTINUE TO EARN PENSION BENEFITS AND FOR THEM TO CONTINUE DRAWING ALLOWANCES INCLUDING HOME FINANCE, HOME PURCHASE AND PRIVATE ALLOWANCES. ALL ACCRUED LEAVE WILL ALSO BE PROTECTED.
HOUSING TENANCY
MARCH EMPLOYMENT AND VACANCIES STATISTICS
COMPARING MARCH 1994 WITH MARCH 1993, THERE WAS CONTINUED GROWTH IN EMPLOYMENT IN THE VARIOUS SERVICES SECTORS, BUT EMPLOYMENT IN THE MANUFACTURING SECTOR DECLINED FURTHER.
THIS MAINLY REFLECTED THE CONTINUED RE-ORIENTATION OF THE ECONOMY TOWARDS SERVICES, ALONG WITH THE RELOCATION OF INDUSTRIAL PROCESSES TO CHINA. MEANWHILE, EMPLOYMENT ON CONSTRUCTION SITES FELL.
VACANCIES IN THE MANUFACTURING SECTOR FELL FURTHER COMPARED WITH A YEAR EARLIER. BUT VACANCIES IN VARIOUS SERVICES SECTORS AND ON CONSTRUCTION SITES REGISTERED INCREASES OF VARIOUS MAGNITUDES.
ACCORDING TO THE FIGURES RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT, THERE WERE 455,900 PERSONS ENGAGED IN THE MANUFACTURING SECTOR IN MARCH 1994, REPRESENTING A DECREASE OF 14.3% FROM MARCH 1993.
EMPLOYMENT IN THE WHOLESALE, RETAIL AND IMPORT/EXPORT TRADES, RESTAURANTS AND HOTELS SECTOR, AT 997,800 IN MARCH 1994, WAS 9.5% HIGHER THAN IN MARCH 1993.
EMPLOYMENT IN THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, AT 349,400, WAS UP BY 11.3% OVER A YEAR EARLIER.
ON THE OTHER HAND, EMPLOYMENT ON CONSTRUCTION SITES (MANUAL WORKERS ONLY), AT 58,000, WAS 3.4% LOWER THAN IN MARCH 1993.
MAJOR
THE EMPLOYMENT FIGURES FOR MARCH 1994 IN SELECTED ECONOMIC SECTORS, COMPARED WITH THE CORRESPONDING FIGURES FOR MARCH 1993 AND DECEMBER 1993, ARE AS FOLLOWS :
SELECTED MAJOR ECONOMIC SECTOR
MANUFACTURING
PERSONS ENGAGED (EMPLOYMENT)
PERCENTAGE CHANGE
MAR 93 DEC 93 MAR 94
MAR 94 OVER MAR 93
MAR 94 OVER DEC 93
531,900 483,600 455,900
-14.3
-5.7
/CONSTRUCTION (MANUAL