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New strike hits Honda parts supplier in China

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posted on Jul, 15 2010 @ 04:39 AM
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New strike hits Honda parts supplier in China


www.reuters.com

(Reuters) - A strike has broken out at a south China factory supplying parts for Japan's Honda Motor, the latest in a string of stoppages by Chinese workers demanding a bigger piece of the country's economic wealth.

The strike, at Atsumitec Co. in the city of Foshan, began on Monday, with 170 workers striking after management fired about 100, a worker who declined to give his name told Reuters by telephone.

"The local government has sent police to our factory and will be here in the afternoon," he said.
(visit the link for the full news article)




posted on Jul, 15 2010 @ 04:39 AM
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Another strike in China. How much longer will China be able to keep up their competitive pricing and labor costs?

With the sheer numbers of people in Cbina, one might think that workers would be quite expendable, and perhaps be told what people here in the U.S. are told should they be so bold as to expect a cost of living or other kind of raise: Consider yourself lucky to even have a job.

This doesn't appear to be the case, however. Here is and interesting line from the article, particularly the part about quitting.


The strikes are a symptom of a broader trend that many investors will have to consider: a Chinese workforce becoming more assertive and selective, and sometimes inclined to protest by strikes, slow-downs and, most often, quitting.



www.reuters.com
(visit the link for the full news article)



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