Subscribe to our free daily newsletters
  Space Travel News  

Subscribe to our free daily newsletters

1,500 jobless as another China factory shuts: report

by Staff Writers
Beijing (AFP) Oct 20, 2008
A Hong Kong-listed appliance maker shut its southern China factory on Monday, state media reported, making it the latest victim of the world economic slowdown's impact on Chinese manufacturing.

The closure of Bailingda Industrial Co.'s electrical appliance factory in the export hub of Shenzhen has left 1,500 employees jobless, Xinhua news agency reported.

It follows the failure on Friday of another Hong Kong-listed firm, toymaker Smart Union, which shut its factory in the nearby city of Dongguan in Guangdong province, throwing about 7,000 out of work.

The situation has highlighted the growing risk of instability in China's coastal manufacturing hubs as factories face financial difficulties leading to large-scale layoffs.

Xinhua said more than 1,000 of the laid-off Bailingda employees had gathered outside the factory on Sunday, demanding government intervention to secure unpaid wages.

The report made no mention of any disturbances.

It said worried Guangdong labour authorities were considering setting up a fund to help workers laid off by factory closures.

Smart Union owes its workers at least six weeks' wages each, Hong Kong's South China Morning Post newspaper has reported, citing a company employee.

The Smart Union workers crowded around the factory's gates last week seeking news of their jobs and unpaid salaries, prompting the local government to warn them against escalating their action.

Experts have warned of increasing pain in China's coastal manufacturing regions due to the world economic crisis, particularly in the main export markets of the United States and Europe.

Rising labour and raw materials costs and the appreciation of China's yuan currency, which makes Chinese-made goods more expensive overseas, are also seen as factors.

Chinese state press reported last week that more than half of the nation's toy exporters -- about 3,631 enterprises -- had gone belly up in 2008.

China's economy is heavily dependent on overseas demand for its cheap manufactured goods. The factories that make them provide work for tens of millions of poor Chinese.

Related Links
China News from

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

China blames global woes as economy eases
Beijing (AFP) Oct 20, 2008
China's economic growth slowed to 9.0 percent in the third quarter as global financial woes started taking a toll, the government said Monday, signalling it would respond with new stimulus measures.

  • NASA And Air Force Work To Establish Hypersonic Science Centers
  • Iran To Conduct First Satellite Launch Soon
  • Outside View: Reusable rocket breakthrough
  • Grant For Eco-Friendly Rocket Engine

  • SES Confirms Three New Arianespace Launches
  • NASA To Webcast IBEX Spacecraft Launch
  • New ASTRA 1M Satellite To Be Launched On 31 October
  • Ariane 5 Is Readied For A Dual-Payload Mission

  • Atlantis Reaches VAB
  • NASA's Space Shuttle Atlantis Rolls Off Launch Pad Monday
  • NASA to discuss next shuttle mission
  • Trouble on Hubble telescope delays space shuttle launch: NASA

  • Expedition 18 Crew Docks With Space Station
  • Expedition 18 Crew Launches From Baikonur
  • Space station crew might not be expanded
  • Expedition 18 Crew To Launch From Baikonur

  • British defence ministry releases UFO files
  • Astrotech Awarded ATK Ares I-X First Stage Processing Contract
  • Simulating Survival In Space
  • Building A Safer Space Together

  • China To Launch FY-4 Weather Satellite Around 2013
  • Shenzhou 7 Astronauts In Good Health
  • Chinese Scientists Start Studying Samples From Shenzhou-7
  • Analysis: China space launch raises fears

  • VIPeR Robot Demonstrates Exceptional Agility
  • iRobot Receives Order From TARDEC For iRobot Warrior 700
  • iRobot Awarded US Army Contract For Robotic Systems
  • Robots Learn To Follow

  • Europe delays ExoMars mission, again
  • HiRISE Camera Reveals Rare Polar Martian Impact Craters
  • Shooting Life On Mars
  • Phoenix Still Probing Mars For Secrets

  • The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement