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China factories cut shifts and workers' pay as US tariffs bite
7 Articles
7 Articles
China factories cut shifts and workers' pay as US tariffs bite
Mike Chai aims to cut wage costs at his kitchen cabinet factory by about 30% to remain competitive against other Chinese firms, which have stopped selling to the U.S. due to steep tariffs and are now coming after his long-time customers in Australia.
Mike Chai is trying to reduce salary costs by approximately 30% in his food duplex factory in Foshan, southern China, to...
The industrial workers in China are among the main losers of the customs dispute. In order to survive, industrial companies cut their employees' wages or send them on unpaid leave. For those affected, the consequences are often dramaticMike Chai struggles to survive his factory for kitchen cabinets. In order to survive the price competition with other Chinese manufacturers exacerbated by high US tariffs, he wants to reduce the wage costs by 30 p…
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