More foreign Fortune Global 500 companies such as, Samsung, Toshiba, and Ericsson, are speeding up withdrawal from China in September, and thousands of workers are facing unemployment.
South Korean shipbuilder Samsung Heavy Industries Co. (Samsung Heavy) is carrying on the capital withdrawal from its Ningbo, Zhejiang Province shipbuilding plant “due to decreased productivity caused by its superannuated facilities,” wrote Korea Herald, a South Korean media in Seoul.
