Caixin
Mar 16, 2016 01:40 PM

Cuts Push Coal, Steel Sectors into Corner

(Beijing) – Now that the central government has ordered the nation's steelmakers and coal miners to dramatically cut excess capacity, the thorny task of pink slipping employees and rebuilding economies is drawing blood.

The pain is spreading among workers, companies and local governments nationwide in communities such as Pingxiang, a city in the eastern province of Jiangxi, where more than 100 angry coal workers demonstrated in late February.

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