Chinese workers go on strike to protest acquisition of parent company

[mota bhai 2,675]

More than 5,000 Chinese workers at a Sino-US joint venture tyre manufacturer have gone on strike against the American parent company’s $2.5 billion takeover by an Indian firm, state media reported.

Cooper Tire and Rubber announced last month that it would be taken over by Apollo Tyres of India, making the combined group the seventh-largest such firm in the world.

But thousands of staff at Cooper Chengshan, a joint venture in the eastern Chinese province of Shandong, have walked out in protest, the Xinhua news agency said late Tuesday.

It quoted union leaders saying they wanted to block the huge transaction, which saw Cooper shares leap on the New York stock exchange.

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It is the latest incident to hit a foreign joint venture after Chinese workers held an American factory executive hostage for nearly a week in late June over a plan by his US-based medical supply company to lay off 30 workers.

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“I cannot imagine what the company will become after it is taken over by the Indian company,” Cooper Chengshan worker Ma Rufu said, according to Xinhua.

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Xinhua quoted Yue Chunxue, the director of the Cooper Chengshan labour union, as saying it had been given no information about the deal.

“This is in contempt of Chinese law and disrespect(s) Chinese workers,” Yue said, adding the union wanted the deal scrapped.

http://www.rawstory.com/rs/2013/07/31/5000-chinese-factory-workers-strike-over-indian-takeover-of-american-firm/

[I AM NOT THAT GUY 5,715]

Cooper tires suck. They ride too hard, and the sidewalls fail before the tread wears out.

[Jacque67 7,328]

Why? Is the Indian company offering lower wages and fewer workers' rights. Or is it to do with India-China relations ?

[mota bhai 2,675]

Why? Is the Indian company offering lower wages and fewer workers' rights. Or is it to do with India-China relations ?

We had a few people where I work (in the US) rebadged as employees of a India-based outsourcing firm. They were all very unhappy about it despite the fact that they kept their pay and benefits. No one wants to work for an Indian company but no one knows exactly why.

[Karee 4,191]

More than 5,000 Chinese workers at a Sino-US joint venture tyre manufacturer have gone on strike against the American parent company’s $2.5 billion takeover by an Indian firm, state media reported.

Cooper Tire and Rubber announced last month that it would be taken over by Apollo Tyres of India, making the combined group the seventh-largest such firm in the world.

But thousands of staff at Cooper Chengshan, a joint venture in the eastern Chinese province of Shandong, have walked out in protest, the Xinhua news agency said late Tuesday.

It quoted union leaders saying they wanted to block the huge transaction, which saw Cooper shares leap on the New York stock exchange.

...

It is the latest incident to hit a foreign joint venture after Chinese workers held an American factory executive hostage for nearly a week in late June over a plan by his US-based medical supply company to lay off 30 workers.

...

“I cannot imagine what the company will become after it is taken over by the Indian company,” Cooper Chengshan worker Ma Rufu said, according to Xinhua.

...

Xinhua quoted Yue Chunxue, the director of the Cooper Chengshan labour union, as saying it had been given no information about the deal.

“This is in contempt of Chinese law and disrespect(s) Chinese workers,” Yue said, adding the union wanted the deal scrapped.

http://www.rawstory.com/rs/2013/07/31/5000-chinese-factory-workers-strike-over-indian-takeover-of-american-firm/

I guess the Chinese workers are worried about their jobs being outsourced to India.

[Jacque67 7,328]

We had a few people where I work (in the US) rebadged as employees of a India-based outsourcing firm. They were all very unhappy about it despite the fact that they kept their pay and benefits. No one wants to work for an Indian company but no one knows exactly why.

Racism?

[mota bhai 2,675]

I guess the Chinese workers are worried about their jobs being outsourced to India.

I doubt they would have reacted like this if it were sold to a German company. That would have been something they could tell their neighbors. I work for a German company. Who can brag about working for an Indian firm? That brings shame and dishonor.

Racism?

No, I don't think it's racism.

[Jacque67 7,328]

So why do Chinese and American people not want to work for a Indian company?

[mota bhai 2,675]

So why do Chinese and American people not want to work for a Indian company?

The same reason IT workers are more proud to work for Cisco but not for Joe Schmo Networks LLC.

Pride. Prestige.

There is no cachet in working for an Indian firm.

(my opinion - i could be wrong, it could be racism)

[Jacque67 7,328]

The same reason IT workers are more proud to work for Cisco but not for Joe Schmo Networks LLC.

Pride. Prestige.

There is no cachet in working for an Indian firm.

(my opinion - i could be wrong, it could be racism)

Your, my son, are a racist.