After the outcry from Corona in China, amidst the news of the slow pace of the economy, news of the retrenchment of workers is also being received from there. In this episode, Jibio, a company that manufactures Covid test kits in Chongqing, southwest China, fired thousands of workers. The workers protested against this sudden retrenchment. This information was given by the Bulgarian financial blog site Zero Hedge.
Employees expressed anger, ransacked the office
Online videos related to the incident show workers breaking boxes of COVID test kits, vandalizing company offices, and clashing with police. Protesters threw water bottles and plastic boxes at the police officers running away.
Employees protest against retrenchment
According to a report by Zero Hedge, the workers told The Epoch Times during interviews that the unrest started after the company suddenly laid off some 8,000 employees. According to the report, the employees were told they could go home for Chinese New Year two weeks in advance. Most of the furloughed workers were hired to meet the urgent demand for tests created by China's zero-Covid policies. The drugmaker's business took a hit after the Chinese government ended its zero-covid policy and ended mandatory testing. A Zebio employee confirmed that the protests were triggered by the company's sudden layoffs.
One in five Chinese unemployed
According to Chinese government statistics, currently, around 20 million people aged 16 to 24 are unemployed in China. These figures do not include rural unemployment. The unemployment rate in China has also increased significantly. At present, about one in five people of working age in the country are unemployed.
Also Read: China: China is underreporting the number of deaths due to the COVID-19 epidemic: WHO
North Korea's biggest missile parade: ICBM display in presence of dictator Kim Jong, a prototype of solid-fuel missile also seen
A military parade was held on Wednesday to mark the 75th anniversary of the establishment of the army in North Korea. During this, about 1 dozen Intercontinental Ballistic Missiles (ICBMs) were
Ayodhya Ram Mandir: Ramlala's Aarti will be performed six times a day, passes will be issued; Ashtyam service will be held all eight hours of the day
After the consecration of Ramlala, there is going to be a change in his worship and aarti. The entire method has been systematized. Now Ashtyam Seva of Ramlala will be held all eight hours of 24
Sunny Deol on Gadar 2: Sunny Deol proud of the success of 'Gadar 2', gave credit to daughter-in-law Drisha Acharya for this
Sunny Deol's film 'Gadar 2' has created panic at the box office. He has thanked people from the bottom of his heart for giving so much love to the character of 'Tara Singh'. 'Gadar 2' has achieved a
Manipur Violence: Strict action by security forces in Manipur 12 bunkers were destroyed in the search operation, 135 were arrested so far; Mortar-IED also recovered
Police and central security forces destroyed 12 bunkers allegedly built by militants in different districts of violence-hit Manipur in the last 24 hours. The police gave this information on Sunday.
Delhi has become a gas chamber: Eyes are burning due to pollution, AQI has crossed 349; Conditions have worsened in many areas.
The pollution level in Delhi-NCR was recorded as very bad on Wednesday. Before Diwali, Delhi was heading towards becoming a gas chamber. The amount of dust particles and poisonous gases in the air has
Income Tax Bill 2025: Lok Sabha Speaker constitutes a 31-member selection committee, BJP MP Panda will be the chairman
Lok Sabha Speaker Om Birla has constituted a select committee to examine the Income Tax Bill, 2025. This committee will examine the provisions of the bill and the changes to be made in the law. BJP MP
Baba Siddique: Was Baba Siddique's son's life also in danger? Zeeshan's photo found in the accused's phone.
New revelations are being made every day in the Baba Siddique murder case. Now it is being told that a week after the murder of the former Maharashtra minister, a picture of Siddique's son Zeeshan was
SIR Row: Voter list released for all 293 assembly constituencies except one in Bengal, commission's move amid controversy
The Election Commission has released the 2002 voter list of 293 assembly constituencies of 24 districts of West Bengal amid the SIR controversy. Only the list of one constituency, Kulpi of South 24
New Rules 1 July 2025: From railway fare to Aadhaar-PAN... these rules have changed across the country from today, it will affect your pocket
Today, from July 1, 2025, many big changes are being implemented in the country, which will directly affect your pocket, travel, and everyday life. From Aadhaar-PAN linking to railway ticket booking,
Ebrahim Raisi: 'Can't rule out any possibility', foreign affairs expert on raisi's death
Iranian President Ebrahim Raisi was returning from East Azerbaijan. Then his helicopter crashed and everyone in it died. The whole world is shocked by the news of his demise. India's foreign
