Thursday, January 05, 2012
China on my agenda
Financial Times Thursday December 29, 2011, tells about Labour unrest in China.
- LG Display hit by worker militancy
- Workers become very assertive
- Nervousness grows within government
- Revelations from Memo to Barack Obama
The weakening global economy has prompted companies to cut pay and benefits. The cheap labor model does cause problems and some estimate it isn't working anymore.
Thousands of employees at the LG Display factory went on strike over year-end bonuses.
The dispute involved some 8 000 people and forced a partial production shutdown at the Nanjing plant.