Chimei Innolux Corp (奇美電子), the nation’s largest LCD panel maker, yesterday said it had resolved a minor labor dispute at its Shanghai factory, dismissing speculation that controversy over wage hikes triggered the strike.
The incident drew media attention amid reports of rising labor disputes in China, the world’s workshop because of low labor costs.
Chimei Innolux said that the dispute caused only a brief disruption at the plant, which it acquired from handset display maker TPO Display Co (統寶光電) in March.
“This does not have direct link to the issue of a pay raise,” company spokesman Eddie Chen (陳彥松) said in a filing to the Taiwan Stock Exchange.
“After communicating with employees, the controversy has been resolved and operations are back to normal,” Chen said.
Some workers at the Shanghai factory demanded information about potential job adjustments in the wake of the three-way merger between Chi Mei Optoelectronics Corp (奇美電子), TPO and Innolux Display Corp (群創光電), the company said.
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RESHAPING COMMERCE: Major industrialized economies accepted 15 percent duties on their products, while charges on items from Mexico, Canada and China are even bigger US President Donald Trump has unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce. The baseline rates for many trading partners remain unchanged at 10 percent from the duties Trump imposed in April, easing the worst fears of investors after the president had previously said they could double. Yet his move to raise tariffs on some Canadian goods to 35 percent threatens to inject fresh tensions into an already strained relationship, while nations such as Switzerland and New Zealand also saw increased
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