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Slower exports lead to cost-cutting and strikes in China

Slower exports lead to cost-cutting and strikes in China
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In a third day of strikes, more than 200 Chinese workers in Shanghai have protested outside the factory of Singapore-owned technology company, Hi-P International, blocking the entrance.

Earlier, violence had broken out between the police and workers who say they are being made redundant without getting any compensation as the company relocates to save on costs.

More than 1,500 workers, most of them women, refused to sign papers agreeing to the termination of their jobs by the end of the year without a payout.

Hi-P International, whose clients include Apple, Motorola and Hewlett Packard, is just one of many manufacturers in China facing increasing labour and material costs at a time when global exports are falling – especially to the United States and Europe.

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