Local firms absorb layoffs from Samsung plant

More than a dozen local companies in Huizhou are recruiting laid-off employees from Samsung’s last cellphone plant in China. Biel Crystal Manufactory, a Huizhou-based cellphone glass maker; electric car maker BYD; TCL Tonly Huizhou, a manufacturer of audio and video products; and 11 other companies have been holding recruiting sessions for the last couple of days at Samsung’s plant in Huizhou, reportsCaixin Global. 

The world’s largest smartphone producer, facing rising costs and stiffer competition in China, announced voluntary layoffs in early June. Samsung opened the Huizhou plant in 1992. The factory made about 17% of the company’s global smartphone production in 2017. Before the layoffs, the plant had about 4,000 workers. 

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