China: Retrenchment in China after Corona, employees of COVID test kit manufacturer Zybio protest


Posted on 13th Jan 2023 11:47 am by rohit kumar

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

1 Like 0 Dislike
Previous news Next news
Other news

'I will make 3 crore sisters Lakhpati Didi...' 60 years vs 10 years; PM Modi lashed out at Congress by mentioning drought in Maharashtra

Ahead of the third phase of Lok Sabha elections, Narendra Modi today addressed a p

Chandrayaan-3: Rover Pragyan records wonderful event on Moon's south pole, ISRO engaged in investigation

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-Bangladesh: India is cautious not only about the present but also about the future, and will have to maintain a flexible attitude given the investment of billions of dollars

India has full sympathy for Sheikh Hasina and it will continue in the future as well. But while e

'This gives a lot of satisfaction to the mind...' On the India vs India dispute, Jaishankar advised the opposition to read the Constitution

Congress was the first to register its objection to the use of 'President of India' in place of '

'Sacrament is not attained by taking a dip in Sangam', Sri Sri Ravi Shankar gave a big statement; also said this on Hindu Marriage Act.

Art of Living organized a spiritual confluence in Jind's Sector 7-A on Tuesday. During this, reli

45 days and four countries, the countdown for Housefull 5 shooting begins, and comedy will be on the beach

For a long time, the market of discussions about the comedy film Housefull 5 has been very hot. N

Ram Mandir: VVIP will attend the consecration of Ram Lalla, A special corridor will be built for his arrival; security will be tight

The process of implementing the instructions given in the review meeting of Chief Minister Yogi A

IND vs AUS: Suryakumar continued Dhoni's tradition, and handed over the trophy to Rinku-Jitesh after winning the series

India defeated Australia by six runs in the fifth T20. With this victory, Team India won the five

Colonel Manpreet: One was Colonel Manpreet An example of determination, spirit and passion... Do you know the story of recruitment in Sikh Light Infantry?

Colonel Manpreet Singh, son of Bhadoujian village, who was martyred in Anantnag district of South

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash