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Back Plastic News Products News Feng Ping workers arrested in protest

Feng Ping workers arrested in protest

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More than 35 workers from bankrupt American mold maker Feng Ping Tooling & Plastics Mfg. Co. Ltd. were arrested Dec. 23 in Dongguan after they tried to block traffic outside a local Wal-Mart near their factory to protest what they consider an unfair wage settlement.
 
It's the latest development in the chaotic and sometimes tense collapse of the once fast-growing Feng Ping, which was started by two American brothers in 2007 but which declared bankruptcy on Dec. 16 and shut its doors. It blamed a $4.5 million embezzlement scheme by a former top manager and 18 others. 
 
In another development, Feng Ping is now headed toward liquidating the factory to pay debts of several million U.S. dollars to its landlord and suppliers. But that process is also raising questions about the fate of some of the molds ordered by its customers in the United States and Europe.
 
Several hundred customer and Feng Ping-owned molds remain inside the factory, where they have been essentially trapped since mid-November because the company's suppliers and vendors have been blockading the factory.
 
The suppliers have parked their cars in front of the factory gates, preventing shipments in or out, to try to recover money they say Feng Ping owes them, and police have declined to clear them.
 

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