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
Ahead of the third phase of Lok Sabha elections, Narendra Modi today addressed a p
The Indian Space Research Organization (ISRO) said on Thursday that the rover Pragyan moving on t
SRH vs MI Dream 11: Batsmen will roar a lot in Hyderabad, playing 11 of both teams will be like this
The 25th match of IPL 2023 will be played between Sunrisers Hyderabad and Mumbai Indians. The mat
India has full sympathy for Sheikh Hasina and it will continue in the future as well. But while e
Congress was the first to register its objection to the use of 'President of India' in place of '
Art of Living organized a spiritual confluence in Jind's Sector 7-A on Tuesday. During this, reli
For a long time, the market of discussions about the comedy film Housefull 5 has been very hot. N
The process of implementing the instructions given in the review meeting of Chief Minister Yogi A
India defeated Australia by six runs in the fifth T20. With this victory, Team India won the five
Colonel Manpreet Singh, son of Bhadoujian village, who was martyred in Anantnag district of South