https://archive.is/i92zL

Europe’s last manufacturer of ingredients for some vital antibiotics is closing its biggest domestic factory and shifting some production to China

Lossmaking Xellia Pharmaceuticals said it could only survive against Chinese competition by moving many of its products to its plant there.

About 80 per of APIs used in the EU already come from China.

  • F_OFF_Reddit@lemmy.world
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    5 days ago

    That’s what happens when you open the market to a country with no labour standards and rights.

    It’s easier to go there, be taxed there and pay shit salaries and keep the workforce working 12h a day with barely any effective training or standards in a place made of ‘chinesium’ than to be an honest employer and be taxed fairly and pay fair wages even if that means you don’t get 20 millions a year for yourself…

    We’ve stopped reminding the ‘ruling’ class that we’re many and when angry we used to drag them outside and hang them from trees