WATCH | Huge Layoffs In China | One month of no trade and China is starting to collapse.

One month of no trade and China is starting to collapse.
Massive Layoffs in China Since Late March

Many Chinese companies resumed operations in mid-February. According to videos released online, a large number of companies ran into financial troubles and announced layoffs in the past two weeks. This is especially true for those export-oriented manufacturing factories.

No more purchase orders from the United States and European countries. Employees resumed work on March 3, but received a notice on March 21 that their final day is March 23.

Transcript –
Date: March 21, 2020

Man: Make necessary preparations for yourself. Our boss will transfer part of the business to his Xinghai Corporation.
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Date: Around March 22, 2020

Man in the background: There is no work as there are no purchase orders. Even the boss is at a loss.
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In a garment factory, employees were told to stop work half-way through their working day.
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Date: Around March 23, 2020
Speaker: All, silence please. I have an announcement to make.
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Date: Around March 24, 2020

Woman in the background: As for how the layoff package and compensation is calculated, it is all specified in the public notice. If you have any complaints, you can check the labor law and consult with legal professionals.
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Date: Around March 25, 2020

Man in the background:
Vacation now! We resumed work less than a month ago, now we are to have a three-month vacation. What will our future be?
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Date: Around April 2, 2020

Man in the background: We rushed to resume the business, but in less than a month, everyone is told to go home and take a vacation.
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Date: Around April 2, 2020

Man: I have an announcement to make. Because of the epidemic, our company is facing a lot of difficulties. We are now having financial problems. I hope you will be understanding. I will arrange for the financial manager to have your last payment ready this afternoon. I do hope you will be understanding.
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A foreign trade factory in Jiaxing City, Zhejiang Province went bankrupt. Employees line up to get their layoff package.

Date: Around April 3, 2020
Man: Stop pushing one another. Be patient.
#CCPvirus #Wuhan #Coronavirus

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The CCP virus ravaged mainland China and brought huge losses to the Chinese economy. Merchants around the country continued to step out to demand rent reductions.

On the morning of March 31st, the merchants of Zhuzhou Clothing Wholesale Market gathered at the entrance of the mall, holding banners while shouting “Rent reduction for half a year!” After receiving no response, hundreds of merchants gathered at the gate of the municipal administration again in the afternoon but were later driven away by police.

Transcript –
Video 1
Songbei market, Protect our rights, Reduce the rent! Songbei market, Protect our rights, Reduce the rent!
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Video 2
“The police are beating people, the police are beating people!”

“Fight if they want, but they can’t beat us, we have more people.”
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Mr. Guo, a citizen of Zhuzhou:
“Because of this epidemic, my business was closed down. It just recently reopened, but the demand is very weak. Therefore, my business is not doing well and I’m losing money. They asked the market manager for a half year rent reduction but they refused. Then they came to the gate of the municipal government to voice their demands. ”

The anonymous owner of a clothing store in Songbei Market in Zhujiang: “They have the final say about everything in the market. It is a very very small place. (Rent) is more than 100,000 to 200,000 yuan a year. Our business was not very good. We were definitely affected by the epidemic, so we must safeguard our rights. If they reduce the rent, we’ll stop causing a commotion.“

According to local media reports, many shopping malls in Zhuzhou have reduced rent for merchants, some for one month, and some for half a month.

Ms. Xiao, the owner of a clothing store in Songbei Market, said that even if the rent is reduced, one or two months is not enough, so she decided to quit, transferring the stall to someone else. Ms. Xiao, the owner of a Songbei market clothing store, said: “It’s useless, I quit.”

Various parts of China resumed work in February. Merchants in various places continue to demand rent reductions. In early March, merchants at Shenzhen and Guangzhou clothing wholesales held large-scale protests on the streets for rent reductions. Since then, similar petitions have continued.
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A local developer in Yichang City, Hubei Province, hired migrant workers through Qingyu Labor Staffing Company to build a new residential community. When workers demand payment of unpaid wages, the staffing company hired thugs to beat them with iron rods.
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Man in the background: When we demand unpaid wages, Qingyu Labor Staffing Company confronts us with iron rods! They are beating us workers. Again, it’s Qingyu Labor Staffing. They use iron rods to attack migrant workers from rural areas. All migrant workers in China from the countryside, pay attention to this! We are asking for payment of unpaid wages, and they are going to beat us with the rods. See, they beat one of our guys. He was injured. This is Qingyu Labor Staffing Company.
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Others: They are attacking people! Call 110 (Police line).

Man in the background: I am still standing here if you want to come get me!