Friday, November 28, 2008

More Layoffs in China

The backlash has begun for Chinese companies laying off workers.

Read this article from the San Francisco Chronicle to learn about the riot at a plant in the South China city of Dongguan.

"Workers riot at Chinese toy factory"

1 comment:

Andrew said...

I was speaking to Carson of Chinaprimer.com and he was discussing how China has not yet dealt with a major economic crisis since this more recent economic boom. It will be very interesting to see how the economic slowdown affects all Chinese people. For years the stock market was increasing four fold, wages and demand for employees was increasing and the picture being painted was rosy and perfect. Now the Chinese, like Americans and Europeans, will have to handle the economic downturn that inevitably follows such a rapid global expansion.