Japanese Plant’s Closure In Suzhou Angers Workers Over Compensation


Via www.globaltimes.cn

A plant of Japanese conglomerate Nitto Denko Corp in China has sparked anger and frustration among local workers, who claimed that the company failed to offer satisfactory compensation packages for its employees after exiting the local facility in Suzhou, East China’s Jiangsu Province.

Suzhou Nitto Matex Electronics Co, which produces film products and adhesive tape, became the latest instance in a broader trend of foreign manufacturing companies shutting down plants in China amid changing business conditions, including rising labor costs in the past couple of years.

Many of the closures have sparked disputes between local employees and these companies over compensation arrangements.


Read more…

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.