At first, it was a military industry, supported by the state, and the benefits were good. There is an obvious surplus of workers, but some countries can afford it. Later, the government withdrew its capital and turned it into a private company called Taihang Group. In fact, the benefits are good. However, the pension problem of retired workers and the arrangement of idle workers wasted too much money, which led to poor capital turnover and eventually went bankrupt. Now the government has come forward to forcibly sell it to Cologne. The reason why there has been no merger and restructuring is because of this problem, and employees owe too much insurance. ...
In the end, Cologne invested and 755 technicians and personnel set up a new "New Taihang" in the North Ring Road. Now 755 is actually an empty shell with nothing but a bunch of laid-off workers. ...