More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company's $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business Machines Corp factory in Shenzhen on Thursday said production remains suspended for a fourth straight day."So far, we've heard nothing from the management or the government in response to our demands," said Hou Hongbo, a 10- year worker at the factory. "The company's attitude so far is to ignore us, but the entire production remains shut down."The workers want higher pay if they choose to transfer to Lenovo or higher severance packages if they choose to leave. Hou said they were determined to keep their action going."We will definitely keep striking tomorrow," he said.
International Business Machines Corporation (IBM) is an information technology (IT) company. Shares of IBM traded higher by 0.38% or $0.7/share to $187.14. In the past year, the shares have traded as low as $172.19 and as high as $215.90. On average, 5010490 shares of IBM exchange hands on a given day and today's volume is recorded at 3487459.
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