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Job jitters mount as China's factories sputter ahead of Lunar New Year

More factories are likely to shutter their gates for good over the next few weeks, with industry watchers forecasting some owners will simply disappear

Stella Qiu & Anne Marie Roantree | Reuters  |  Dongguan/Hong Kong 

Wang Zhishen was thrilled when Danish shipper A.P. Moller-Maersk gave him two months' paid leave, relishing the chance to spend time with his wife and daughters in China's remote northwestern Gansu province. But his euphoria over what he thought was an unexpected bonus quickly turned to despair when Maersk fired Wang on January 3, less than a month after he packed his bags in the southern Chinese manufacturing centre of Dongguan. Wang said he was one of 2,000 workers laid off at the company's Dongguan transport container factory which has been idle since early ...

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First Published: Fri, January 18 2019. 10:26 IST