Few cities in China have had as grim a history over the past century as Chongqing. Now the enormous city is prospering, but faces a wave of pink slips at factories.
Tag: Layoffs and Job Reductions
China’s Slowdown Already Hit Its Factories. Now Its Offices Are Hurting, Too.
White-collar workers face job cuts and shrinking paychecks even in go-go industries like technology, suggesting the economic pain is broader than official figures show.
Britain’s Big Squeeze: ‘Austerity, That’s What I Know’: The Making of a Young U.K. Socialist
Alex McIntyre, 19, was brought up in a Britain being reshaped by government cuts. He gave up on capitalism after a year in college.
Honda Confirms Plan to Leave Britain as Brexit Looms
The Japanese automaker, which employs 3,500 at its Swindon, England, plant, is set to close the site by 2021.
China’s Economy Slows Sharply, in Challenge for Xi Jinping
Car sales are falling. Housing is slow. Workers get three-month unpaid vacations. For Chinese leaders, pressure for a trade deal with President Trump is rising.
Canada Letter: Canada Faces a New Challenge as a Century of Automaking Ends
Both Prime Minister Justin Trudeau and Premier Doug Ford of Ontario pledged to help jobless G.M. workers in Canada. But what aid they can truly offer is unclear.