On Saturday, Nexperia's China unit said on its official WeChat account that all of its employees continued to work under the instructions of the China unit. Its employees have the right to reject any "external instructions" not consented to by its Chinese legal representative, it added.
Salaries and bonuses would continue to be paid out by Nexperia China, and not by Nexperia Netherlands, it also said.
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This is a bit like the government-in-exile or competing claims to legitimacy in a civil war, but at corporate level. It looks like China doesn’t recognize the Dutch court appointments.
>On Saturday, Nexperia’s China unit said on its official WeChat account that all of its employees continued to work under the instructions of the China unit. Its employees have the right to reject any “external instructions” not consented to by its Chinese legal representative, it added.
Presumably, this means taking orders from the Chinese owner, Wingtech, given the location and politics. But reading the article, its actually not clear if the external party is the new Dutch management or the old Chinese one. Both can be viewed as external.
Would love to see the WeChat post if anyone has it.