China’s Manufacturing Hub Collapses! Foreign Firms Exit, Shops Close, November Streets Stay Deserted

Recently, a German-owned company in Dongguan, Cosmo Industries announced a complete halt to production. On October 14, the company informed employees it would suspend operations for about two months due to a severe drop in orders, down by over 40% after October. Employees were told they’d receive full pay for the first month but only 80% of Dongguan’s minimum wage thereafter.

Join this channel to get access to perks:
https://www.youtube.com/channel/UCT2kPBcD6tXn8TP_aV7BmgA/join

#chinaobserver
All rights reserved.
⭐You can support us at: https://donorbox.org/china-observer-supporting-independent-news
⭐For business cooperation, please contact us: [email protected]