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Huge electronics factory closes down and thousands of people become unemployed

A large electronics factory in Dongguan was officially closed on August 31. The factory terminated labor contracts with tens of thousands of people. This is the 3rd largest factory announced to close in August this year. Aigo Electric issued a business closure notice due to severe losses. The factory has been operating for 36 years and has had a massive investment in the transition to new products in recent years.

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