AT A TAIWANESE-OWNED stainless steel factory in Dongguan, China,the ax just fell. Interviewed byphone, the firm's president—who did notwant him or his company to be identifiedby name—says he just laid off 10 workersfrom his 100-strong workforce, andwouldn't rule out more layoffs. The cutsare a bid to soften the impact of a new Chi-nese labor law that took effect Jan. 1. "Thelaw is hurting business owners a lot, andmany are worried," explains the business-man. "Taiwanese firms must seriouslyconsider lowering personnel costs if theywant to stay in business."
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