Finnish smartwatch manufacturer Suunto could relocate almost entirely to China 90 years after its founding. Following a takeover in 2022, plans are now reportedly in place to lay off more than 70 percent of its remaining employees in Finland.
  • ZkhqrD5o@lemmy.worldEnglish
    10·
    21 hours ago

    Ban Chinese Acquisitions. This only one company in a long list of industries that they’re deliberately transferring over to China, after acquisition. That’s as hostile of a takeover as you could make.

  • tardigradeEnglish
    16·
    1 day ago

    This is what Chinese companies intend to do with all foreign companies they acquire. Nexperia is a more prominent case in the recent past as its Chinese owner wanted to close production in Europe and move it to China until the Dutch government blocked it and took control over the company.

    It’s time that Europe wakes up and bans Chinese companies.

    • farmgineer@nord.pubEnglish
      81·
      13 hours ago

      That’s what unregulated capitalists do. It happens to be china, but the US and others would certainly do the same.