On their first day back, employees were greeted not with the start of work but with the factory announcing its closure.
This year, the situation was markedly different due to China’s challenging economic climate, leading to numerous companies shutting down. In an effort to ensure employees could enjoy the holiday season without distress, many businesses delayed layoffs until after the New Year. However, as soon as the holiday was over, some companies went out of business on the very first day of resuming work, with instances of owners absconding. This prompted reflections from some, noting the irony in hoping for prosperity in the Year of the Dragon, only to be met with a surge in business closures and job losses immediately following the New Year celebrations. It underscored a grim reality: the inevitable challenges had to be confronted head-on.
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Company Gone on the 1st Day Back From New Year Holiday: New Round of Job Cuts and Pay Cuts Kicks Off
