Part 4/17:
Similarly, Celestica, a Canadian electronics manufacturing services leader, announced its dissolution in June. With a history dating back over two decades, Celestica had employed nearly 10,000 people in Dongguan at its peak and was renowned for high-end electronic product manufacturing. Its exit has deeply resonated within local communities, especially among Chinese IT professionals who viewed it as a symbol of high standards and prosperous employment. The closure follows years of industry shifts, escalating rents, rising wages, environmental regulations, and a migration of orders to Southeast Asia, fundamentally altering the local manufacturing landscape.