Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • PM Modi in Manipur
  • Charlie Kirk killer
  • Sushila Karki
  • IND vs PAK
  • India-US ties
  • New human organ
  • Downton Abbey: The Grand Finale Movie Review
fp-logo
IBM China workers strike over terms in $2.3 billion Lenovo deal
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Tech
  • News & Analysis
  • IBM China workers strike over terms in $2.3 billion Lenovo deal

IBM China workers strike over terms in $2.3 billion Lenovo deal

FP Archives • March 7, 2014, 08:53:04 IST
Whatsapp Facebook Twitter

More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the US company’s $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business Machines Corp factory in Shenzhen on Thursday said production remains suspended for a fourth straight day. “So far, we’ve heard nothing from the management or the government in response to our demands,” said Hou Hongbo, a 10- year worker at the factory.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
IBM China workers strike over terms in $2.3 billion Lenovo deal

More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the US company’s $2.3 billion sale of its low-end server business.   Several workers gather outside gate of the International Business Machines Corp  factory in Shenzhen on Thursday said production remains suspended for a fourth straight day.   “So far, we’ve heard nothing from the management or the government in response to our demands,” said Hou Hongbo, a 10- year worker at the factory. “The company’s attitude so far is to ignore us, but the entire production remains shut down.”   The workers want higher pay if they choose to transfer to Lenovo or higher severance packages if they choose to leave. Hou said they were determined to keep their action going.   “We will definitely keep striking tomorrow,” he said.   The terms offered to workers at the International System Technology Company factory in Shenzhen are “comparable in aggregate to what they currently are receiving,” IBM spokeswoman Florence Ma said in an e-mailed statement. If workers choose to leave, they will receive an “equitable severance package,” Ma said.   “We are hoping employees will decide to remain with ISTC,” Ma said.   Lenovo declined comment.   Workers at Chinese factories are increasingly turning to protests and factory shut-downs when they feel the terms of international takeovers are not good enough or labour conditions have worsened.   Hundreds of employees stopped work at a Nokia factory in Dongguan in November, complaining of changes following Nokia’s sale of its mobile phone business to U.S. software giant Microsoft Corp.   Last August, 5,000 workers in eastern Shandong Province went on strike to protest Apollo Tyres Ltd’s  proposed $2.5 billion acquisition of U.S.-based Cooper Tire & Rubber Co.   Reuters

Tags
Lenovo IBM Lenovo Google deal PC manufacturer
End of Article
Written by FP Archives

see more

Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV