March 2016

Fortune 100 Company Resolves Employee Strike to Successfully Close International Sale

Asia | Asia - China

A Fortune 100 company owned by U.S. agricultural cooperatives, farmers, ranchers and preferred stockholders successfully resolved an employee strike that threatened to impede the sale of its Ningbo, China-based subsidiary to a Chinese company. Faegre Baker Daniels represented the company in the dispute, and sent a team of attorneys, accompanied by a private security force, to Ningbo to quell the matter.

When the FaegreBD team arrived, they came upon a tense situation with several employees on the factory roof threatening to commit suicide unless their demands were met. Local officials, including police, fire, and labor bureau and free trade zone representatives, were also on-site.

Facing additional pressure from the local government to acquiesce to the employees, the company, which had the law on its side, steadfastly refused. After three days of negotiations, FaegreBD attorneys were able to win over the local government officials, who then persuaded the employees to go back to work. With the strike resolved, the deal closed.

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