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Paper strips seal the closed factory warehouse door belonging to Smart Union, one of several factories in Zhang Mutou in South China that went bankrupt in the current credit crisis. Smart Union, that produced toys for Mattel amongst others, left 6,000 workers jobless and penniless after they could not pay the salaries. Hundreds of factories in south China are closing due to increased labor and material costs and the current credit crissis is exasperating. The problem leaving ghost towns behind. .24 Oct 2008
Paper strips seal the closed factory warehouse door belonging to Smart Union, one of several factories in Zhang Mutou in South China that went bankrupt in the current credit crisis. Smart Union, that produced toys for Mattel amongst others, left 6,000 workers jobless and penniless after they could not pay the salaries. Hundreds of factories in south China are closing due to increased labor and material costs and the current credit crissis is exasperating. The problem leaving ghost towns...
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