Workers from at least five PepsiCo bottling factories in China protesting against takeover deal with Tingyi Holding
November 16, 2011
– Workers from at least five PepsiCo Inc. bottling factories in China are protesting against a takeover deal with Tingyi Holding, BBC News reported Nov. 15.
Tingyi struck a deal with Pepsi on Nov. 4 to buy out PepsiCo China's bottling division. Various media reports in the country suggest that the deal has aroused widespread discontent, and workers from five factories in Chongqing, Chengdu, Fuzhou, Lanzhou and Nanchang have decided to walk out.
The workers’ contracts would be honored, a PepsiCo spokeswoman said.
The primary source of this article is BBC News, London, England, on Nov. 15, 2011.