More than 1,000 workers at an IBM (IBM.NYSE) factory in southern China have protested against a proposed ownership change due to the US company’s US$2.3 billion sale of its low-end server business to Chinese computer maker Lenovo (0992.HKG), Reuters reported. Several workers gathered outside the gates of IBM’s factory in Shenzhen on Thursday said production remained suspended for a fourth straight day. The workers want higher pay if they choose to transfer to Lenovo or higher severance packages if they choose to leave. Workers at Chinese factories are increasingly turning to protests and factory shut-downs when they feel the terms of international takeovers are not good enough or labor conditions have worsened.
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