Tuesday, June 1, 2010

Chinese Workers Demanding Higher Wages

Korean news outlets report that Chinese workers at a parts plant have demanded wage increase.
See it in the context of China becoming its own consumer market.

The Western media run the similar stories.

From the New York Times:

More than 1,000 workers at a parts factory near Beijing that supplies South Korea’s Hyundai Motor suspended work for most of Saturday to demand higher wages. They returned to work after management promised a raise, the local media reported.

“There was a little production disruption on both May 28 and 29, but it has been back to normal operations since May 30,” a Hyundai representative said in an e-mail message from Seoul.

http://www.nytimes.com/2010/06/01/business/global/01honda.html

From Bloomberg:

Honda Motor Co.’s car production in China will remain halted at least until tomorrow as some striking workers at a parts plant in the country rejected a proposed pay increase.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3B3VvAkniBQ

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