Last week’s closure of Stanley Black & Decker’s wholly-owned China unit in Shenzhen marked the latest retreat by a manufacturing business from the area amid rising labour and land costs. Photo: He Huifeng Last week’s closure of Stanley Black & Decker’s wholly-owned China unit in Shenzhen marked the latest retreat by a manufacturing business from the area amid rising labour and land costs. Photo: He Huifeng
Last week’s closure of Stanley Black & Decker’s wholly-owned China unit in Shenzhen marked the latest retreat by a manufacturing business from the area amid rising labour and land costs. Photo: He Huifeng

China manufacturing: Stanley Black & Decker shuts Shenzhen factory as costs soar

  • Sudden closure after 25 years in the community reflects Shenzhen’s transition from manufacturing base to technology hub
  • Immediately after the announcement, human resource managers and labour agents swarmed the site to recruit laid-off workers to join other factories in the area

Topic |   China economy
Last week’s closure of Stanley Black & Decker’s wholly-owned China unit in Shenzhen marked the latest retreat by a manufacturing business from the area amid rising labour and land costs. Photo: He Huifeng Last week’s closure of Stanley Black & Decker’s wholly-owned China unit in Shenzhen marked the latest retreat by a manufacturing business from the area amid rising labour and land costs. Photo: He Huifeng
Last week’s closure of Stanley Black & Decker’s wholly-owned China unit in Shenzhen marked the latest retreat by a manufacturing business from the area amid rising labour and land costs. Photo: He Huifeng
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