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Article

30 Nov 2023

Author:
By Gu Ting, Radio Free Asia (USA)

China's workers face layoffs, unpaid wages ahead of Lunar New Year

At a time when China's hundreds of millions of migrant workers might normally be hoping to earn some extra cash ahead of the Lunar New Year festivities, the struggling economy has left employers unable to pay wages, or forced companies to shut down facilities and lay off staff…

TikTok owner ByteDance is … planning to cut jobs at its virtual reality arm Pico…

…Xinya Steel Plant recently announced it would suspend production for more than three months, and that employees would receive 50% of their basic salary during the holiday period, while automaker NIO will cut its workforce by 10% this month…

Moxing Semiconductor, OPPO's Zheku Technology and Geely's Star Meizu have all shut their doors in recent days, with the sudden loss of nearly 100 jobs at Moxing, a chip design joint venture under TCL Technology Group…

…Walmart recently announcing it would move its procurement center to Vietnam…

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