Chinese workers have stepped up their campaign to scupper India’s largest acquisition of a US company, warning of continuing disruption at a joint venture that is a key element of the $2.5bn cross-border deal.
The Chengshan Group operates a large factory in Shandong province with Ohio-based Cooper Tire, which accepted a buyout offer from India’s Apollo Tyres in June.
Chinese workers went on strike shortly after the deal was announced, and late last month Chengshan asked a local court to dissolve the Cooper venture.
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