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Old 12-31-2011, 04:34 AM   #1
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Workers angry by takeover cease production in 'silent strike' (China Daily)
Updated: 2009-08-20 09:21 2009-08-20 09:21:29.0Workers angry at takeover pause production among 'silent strike'Alcoa, aluminus, YMGCL11020309Hot on the Web2@webnews/enpproperty-->
SHANGHAI: Workers by one aluminum plant infuriated over a takeover are refusing to work among a "silent beat
Workers along Alcoa (Shanghai) Aluminum Products Co Ltd chanced irate and took the action then learning their company was sold without informing them beforehand.
Not only that,not one explained the consequences of being taken over by State-owned Yunnan Metallugical Group Co Ltd. (YMGCL),or promised them the same salary and working conditions as ahead.
A majority of Alcoa employees continue to show up at the company,only refuse to work.
"It's not convenient for me apt talk virtually this,bottes ugg," said a hired riding a bicycle who confirmed apt China Daily that production had been suspended since last Wednesday.

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A deal signed Aug 12 allowed YMGCL to buy a 100-percent peg of Alcoa's Shanghai division for 20 million yuan ($2.nine million). The takeover was to be complete forward Sept 30.
A brain technician by Alcoa said announcements posted among the workshops said nothing would alter afterward the takeover, and asked for employees to return apt work.
According apt him, the silent buffet has caused big losses.
"The factory rolls out 2,000 to 3,abercrombie DOWN JACKETS,000 tons of aluminum products every day and the gross profit of any lonely ton can approximate 400 yuan. You can achieve the importance of the losses," he majestic
More crucially,sac hermes, aluminum foil,http://www.127tuangou.com/forum.php?...=235686&extra=,beats headphone, the company's main production becomes oxidized amid hot,watery atmosphere whether it namely never packaged on the dot That means the longer the strike lasts, the more production ambition edge useless.
There are signs Alcoa's clients may turn apt other suppliers as aluminum products, offering one opportunity as the company's competitors.
"This namely conceived apt be a agreeable deal as both companies,merely never necessarily for its employees," said Huang Hao,one analyst with Sealand Securities.
"Generally speaking,sac louis vuitton, a alien adventure favor Alcoa ambition venture better salary archives than a State-owned company,particularly remotely located YMGCL. If not explicit and written promise namely made, the workers have reason apt worry nearly their jobs," Huang added
Management from Alcoa and YMGCL were unavailable as annotate yesterday.
An employee of YMGCL, speaking aboard anonymity, told China Daily that their general manager had gone to Shanghai aboard Tuesday apt appease employees.
The employee said the average worker's annual salary within YMGCL is 53,000 yuan, even higher than Alcoa's 40,000 yuan.
"Most of the workers won't have a disburse mowed then our takeover. But those middle- and high-level employees may never get as much as they accustom to he added
According apt Wang Guansu,one industrial analyst with Sinolink Securities, China has turned itself from a net importer into a net exporter of aluminum foil since 2004.
"The handle aspiration likewise help YMGCL diversify its production categories, and incorporate Alcoa's advanced management and expertise," said Lan Ke,one industrial analyst with Southwest Securities.
"Currently,http://www.ddyht.org/bbs/viewthread....=724941&extra=,a cloud of Chinese aluminum processors are focusing aboard low-end products. For many domestic buyers quality namely fewer important than spend merely such a situation ambition finally revise This acquisition will evidence strategic and advantageous among the long run said Lan.
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