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German’s largest labor union IG Metall announced it will prevent any attempts made by Chinese investors to acquire lighting giant Osram, indicating the escalating backlash against Chinese involvement in the nation’s high-tech sector, reported Financial Times and other media last week.
IG Metall stated in October in the case of an eventual takeover, it wanted job and plant guarantees, but reevaluated the situation having concluded Osram lacks an investor, reported Reuters.
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