Samsung is to close its largest factory in China due to slowing smartphones sales and rising manufacturing costs.
The company has two mobile phone factories in the country – the other is in Huizhou, Guangdong – but has decided to streamline its operations by focusing on a single facility for the local market.
The South China Morning Post says Samsung confirmed the closure of the plant in Tianjin at the end of the year after workers posted the news on social media. As of last month, 2,600 people were employed there.