Thousands of toy makers laid off
By Zhan Lisheng and Diao Ying | Updated: 2008-10-17 07:49
DONGGUAN, Guangdong: Workers at a toy factory in this southern city have become the latest victims of the worldwide financial tsunami.
More than 6,000 employees lost their jobs when Smart Union, a major toy manufacturer in Dongguan, closed earlier this week.
"The main reason for the closure is we are too dependent on the US market, which has become sluggish," Xu Xiaofang, a Smart Union human resource worker, said.
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