China's factory orders drop sharply, layoffs cut wages

China's factory orders drop sharply, layoffs cut wages  China's labor market has reversed after the Spring Festival. Many factories cut staff and wages due to a sharp drop in orders. Some factories recruited 20 employees, and more than 300 people lined up for interviews on cold and rainy days. However, Zhengzhou Foxconn, a major benchmark factory, has stopped recruiting workers, and workers say their wages are the lowest in three years.  After China abruptly abandoned the prevention and control of the epidemic in December last year, the number of people infected with the epidemic soared, and workers were afraid to go out to work. After the epidemic slowed down, there was another wave of returning home during the Spring Festival. Many factories offered sky-high wages but could not recruit people. But after the Spring Festival, the laborers went out to look for work, only to find that the situation had reversed.  According to Chinese media reports, after several videos recording the recruitment scene were circulated on social platforms, people have aroused widespread concern about the labor market.  According to the Central News Agency, the video shows that in Jiaxing, Zhejiang, a material factory recruited 20 employees, and more than 300 people came for interviews in the cold weather and rain. There was a long queue at the factory gate; There was a long queue, and thousands of people rushed to scramble for 300 places. In Henan, a labor agency only needed to recruit one employee, but was surrounded by dozens of applicants.  According to the migrant workers who filmed these videos, since February, many recruiting units have offered lower and lower wages, and fewer and fewer jobs are being recruited. Many manufacturing companies have long queues in front of the doors, crowded to find jobs. Workers.  Some recruiters pointed out that due to the concentrated outbreak of job-seeking workers after the Spring Festival, while enterprises are still in the recovery stage, labor supply exceeds demand.  The labor markets in Shenzhen, Dongguan, Zhengzhou, Jintan and other places show that in February, wages continued to drop and recruitment positions were scarce. Many factories have closed their recruitment channels in advance, and the positions that are currently recruiting have also increased their recruitment requirements accordingly.  A labor agency at the Longhua talent market in Shenzhen pointed out that Foxconn has fewer temporary jobs this year, and the recruitment time is also shortening.  According to reports, during the period after the Chinese New Year, workers at the Foxconn factory in Zhengzhou had no overtime and became more and more leisurely; and because workers' incomes decreased, the business of small vendors became increasingly bleak.


China's labor market has reversed after the Spring Festival. Many factories cut staff and wages due to a sharp drop in orders. Some factories recruited 20 employees, and more than 300 people lined up for interviews on cold and rainy days. However, Zhengzhou Foxconn, a major benchmark factory, has stopped recruiting workers, and workers say their wages are the lowest in three years.

After China abruptly abandoned the prevention and control of the epidemic in December last year, the number of people infected with the epidemic soared, and workers were afraid to go out to work. After the epidemic slowed down, there was another wave of returning home during the Spring Festival. Many factories offered sky-high wages but could not recruit people. But after the Spring Festival, the laborers went out to look for work, only to find that the situation had reversed.

According to Chinese media reports, after several videos recording the recruitment scene were circulated on social platforms, people have aroused widespread concern about the labor market.

According to the Central News Agency, the video shows that in Jiaxing, Zhejiang, a material factory recruited 20 employees, and more than 300 people came for interviews in the cold weather and rain. There was a long queue at the factory gate; There was a long queue, and thousands of people rushed to scramble for 300 places. In Henan, a labor agency only needed to recruit one employee, but was surrounded by dozens of applicants.

According to the migrant workers who filmed these videos, since February, many recruiting units have offered lower and lower wages, and fewer and fewer jobs are being recruited. Many manufacturing companies have long queues in front of the doors, crowded to find jobs. Workers.

Some recruiters pointed out that due to the concentrated outbreak of job-seeking workers after the Spring Festival, while enterprises are still in the recovery stage, labor supply exceeds demand.

The labor markets in Shenzhen, Dongguan, Zhengzhou, Jintan and other places show that in February, wages continued to drop and recruitment positions were scarce. Many factories have closed their recruitment channels in advance, and the positions that are currently recruiting have also increased their recruitment requirements accordingly.

A labor agency at the Longhua talent market in Shenzhen pointed out that Foxconn has fewer temporary jobs this year, and the recruitment time is also shortening.

According to reports, during the period after the Chinese New Year, workers at the Foxconn factory in Zhengzhou had no overtime and became more and more leisurely; and because workers' incomes decreased, the business of small vendors became increasingly bleak.

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