Business

China’s Coca-Cola Employees Down Tools After Company Sells Assets

By | Nov 28, 2016 08:44 AM EST
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A Coca-Cola piece of art made out of Coca-Cola cans at the streets of China

A piece of art made out of Coca-Cola cans on the street in China.(Photo : Getty images)

Workers at three different Coca-Cola plants in China went on a strike on Monday, demanding that they should be involved in undertakings carried out by the firm that may affect their work. The move comes after the company sold its assets to a local Chinese firm.

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According to the Guardian, Coca-Cola sold its assets to Swire Pacific and COFCO Corporations for 5.87 billion yuan ($850 million).

The strike affected Coca-Cola plants in Chengdu, Jilin, and Chongqing. Protesting employees posted pictures online and carried banners to voice dissent against the company's new business venture.

"We worked hard for over a decade, but we were sold in less than a second," read one online post. "COMPENSATE!"

Another employee stressed that Coca-Cola should have opened up to its employees regarding the sell-off.

"We request the company gives workers economic compensation before they decide to sign the contract with Cofco," the employee said.

In a related story, the Hong Kong Free Press reported that the management of a Sony plant in Guangzhou has been forced to do away with striking employees. The strike started early in November after the company announced its decision to sell some of its camera components to local companies.

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