CHINA UPDATE – Workers at Cooper Chengshan Oppose Acquisition by Apollo Tyres: Importance of proactively addressing employees’ concerns
Highlights:
Following the PepsiCo-Tianyi transaction, where the acquisition aroused mass protests from workers of PepsiCo bottling factories and ended up with significant unexpected expenses paid to the employees, the Cooper-Apollo transaction is now facing similar challenges. It highlights the importance of addressing employees’ concerns proactively at the early stage, to ensure smooth consummation of an acquisition.