Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Shenzhen Manufacturing Is Finished: Foreign Exit u0026 Local Factories Close, 'Bird-Cage' Policy Failed" video.

  1. 📅 On August 18th, Simon Electronics disbanded and many other factories in Shenzhen also shut down, leaving workers unemployed. 00:00 Simon Electronics officially disbanded after 38 years, impacting Hong Kong workers who value traditions and customs. Other factories in Shenzhen also started shutting down on August 18th, with rumors of bosses unable to pay wages. Xinon Electronics dissolved due to global economic downturn and decreased orders, potentially shifting orders to an overseas factory in Indonesia. 💼 Taiwan-based company Airmate announced over 8,000 layoffs in Shenzhen, sparking attention. 05:38 Airmate, originally known as Dongfu Electronics, established factories in Shenzhen in 1991 and 2001. Airmate's product range includes electric fans, heaters, and other small appliances, with their electric fans being highly popular. Airmate refuted rumors of a complete withdrawal, but previous reports suggest significant changes in their operations. 🏭 Foxconn in Shenzhen is experiencing a decline in workforce and facing challenges with R&D transformation due to the Birdcage economy policy. 11:15 Foxconn employees have reduced work hours and now have a two-day weekend. Foxconn has constructed two R&D buildings in the Guanlan district of Shenzhen. The Birdcage economy policy is a significant reason behind the decline of Shenzhen's manufacturing sector.
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