LG Display’s China Striking Workers Return to Work, Xinhua Says

LG Display Co. factory workers in the eastern Chinese city of Nanjing returned to work after the company agreed to double their year-end bonuses, Xinhua News Agency reported late yesterday, citing a local government official.

More than 2,000 workers of the South Korean company took part in the strike, Xinhua reported, citing Cheng Shijun, an official at the Nanjing Economic and Technological Development Zone, where the factory is located. About 8,000 Chinese workers went on strike, according to Sina.com and QQ.com, a news website run by Tencent Holdings Ltd. yesterday.

The workers were unhappy about their year-end bonuses, equivalent to a monthly salary of 1,400 yuan, which was one-third of last year’s amount, Cheng was cited as saying by Xinhua. The report didn’t say what their bonuses have been raised to.

Officials at LG Display’s public relations team weren’t immediately available for comment.

— With assistance by Stephanie Hoi-Nga Wong

Before it's here, it's on the Bloomberg Terminal. LEARN MORE