Germany’s Major Labor Union to Prevent Chinese Takeover of Osram - Energy Watch News


Germany’s Major Labor Union to Prevent Chinese Takeover of Osram

Germany’s biggest labor union IG Metall has announced that it will block every attempt of the Chinese investors to takeover leading lighting player Osram. This indicates the increasing counter-attack against Chinese participation in Germany’s high-tech sector. The union believed that a prospective acquirer may run away with Osram’s technology and relocate production to overseas. Chinese investors may still get around rising protectionism measures implemented by the US and EU governments, by forming joint ventures with the firm they want to unite with. http://bizled.co.in/

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