5,000 Chinese factory workers strike over Indian takeover of American firm

But thousands of staff at Cooper Chengshan, a joint venture in the eastern Chinese province of Shandong, have walked out in protest, the Xinhua news agency said late Tuesday.

It quoted union leaders saying they wanted to block the huge transaction, which saw Cooper shares leap on the New York stock exchange.

Workers are concerned the Indian company will be unable to repay debt taken on in the highly leveraged acquisition and their interests could be damaged, Xinhua said.

Employees have become increasingly vocal in China with numerous labour disputes occurring in recent years, but the cause of the Cooper Chengshan strike is unusual, with protests normally focusing on pay and current working conditions.

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