Asia

Minister: China to cut 500,000 heavy industry jobs

  • In this Monday, Feb. 20, 2017 photo, a worker watches a bulldozer unload coal at a coal mine in Huaibei in central China's Anhui province. China's labor minister says Wednesday, March 1, 2017, Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices. (Chinatopix via AP)

    In this Monday, Feb. 20, 2017 photo, a worker watches a bulldozer unload coal at a coal mine in Huaibei in central China's Anhui province. China's labor minister says Wednesday, March 1, 2017, Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices. (Chinatopix via AP)  (The Associated Press)

  • Workers walk out from a tunnel leading to a construction site of the Badaling Great Wall station in between of Beijing-Zhangjiakou high-speed railway, in Beijing, Wednesday, March 1, 2017. China's labor minister says Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices. (AP Photo/Andy Wong)

    Workers walk out from a tunnel leading to a construction site of the Badaling Great Wall station in between of Beijing-Zhangjiakou high-speed railway, in Beijing, Wednesday, March 1, 2017. China's labor minister says Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices. (AP Photo/Andy Wong)  (The Associated Press)

  • Chinese workers leave for their lunch break at the construction site of the Badaling Great Wall Station in between of Beijing-Zhangjiakou high-speed railway, in Beijing, Wednesday, March 1, 2017. China's Labor Minister Yin Weimin said Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices. (AP Photo/Andy Wong)

    Chinese workers leave for their lunch break at the construction site of the Badaling Great Wall Station in between of Beijing-Zhangjiakou high-speed railway, in Beijing, Wednesday, March 1, 2017. China's Labor Minister Yin Weimin said Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices. (AP Photo/Andy Wong)  (The Associated Press)

China's labor minister says Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that's flooding markets and depressing global prices.

Yin Weimin said Wednesday the government will provide support for the laid-off workers to transfer to other jobs, start their own companies or retire.

China is in the midst of a multi-year effort to shrink bloated industries including steel, coal, aluminum, cement and glass in which production exceeds demand. Some companies are trying to export their surplus output, prompting complaints by the United States, Europe and other trading partners that they're threatening thousands of jobs.

At a news conference, Yin said the government provided similar aid last year to 726,000 workers whose jobs in coal and steel were eliminated.