IBM Employees in China on Strike, Protesting Lenovo Deal
(BEIJING) -- Hundreds of IBM workers in China are on strike this week, protesting the sale of the U.S. tech giant's plant in Shenzhen. Protesters at the plant, which is slated to be sold to the Chinese firm Lenovo, say the severance package being offered is unfair and insufficient, and are concerned that wages may drop if they stay.
Lenovo is buying IBM's low-end server business in a $2.3 billion deal. If approved, Lenovo could better compete with other U.S. firms, like Dell and Hewlwett-Packard.
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