Chapter 477: Big Basket

In the immediate aftermath, Huamei Group yet again stunned everyone with its lightning-fast announcement.

Huamei Group would, in the time to come, cut a third of its factories to save funds for the purchase of more advanced machinery and technology.

Replacing manual labor with advanced machinery and technology is an undeniable trend of development, as well as a matter of quality and reliability.

This decision by Huamei Group undoubtedly dropped a bomb on society. Cutting factories means what? It means cutting jobs.

You cut jobs, save money, dust off and leave, but what about the workers? Do you know how many employment opportunities Huamei Group has provided for society?

How many workers will now be displaced and faced with the problem of finding new employment?

Not only that, the counties and cities where those factories are located are in a state of sheer panic. What a joke, if you leave, what happens to our finances?