Photo Gallery Steiff Quits China
The German toymaker Steiff, which is famous for its high-quality teddy bears, moved some of its production to China in a bid to cut costs. Now it is pulling out due to quality concerns -- but the jobs aren't going back to Germany.
The German toymaker Steiff, which is famous for its high-quality teddy bears, moved some of its production to China in 2004 in a bid to cut costs. Here CEO Martin Frechen poses with some of the company's products.
Foto: Daniel Karmann/ picture-alliance/ dpa
Now Steiff is pulling out of China due to quality concerns -- but the jobs aren't going back to Germany. This photo shows Chinese-made toys on sale at a shopping center in Beijing.
Foto: TEH ENG KOON/ AFP
The Steiff plant in Giengen, Germany: Jobs aren't returning to Germany as a result of the pull-out from China, however.
Foto: Stefan Puchner/ picture-alliance/ dpa
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