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Tonghua Iron and Steel Group riot
The Tonghua Iron and Steel Group riot was a riot incident that took place in Tonghua Jilin province People's Republic of China on July 24, 2009. Angry workers rioted after news of a major company layoff. About 100 people were injured in the clash including a corporate executive who was beaten to death in the event.〔Time.com. "(Time.com )." ''How China's Steel Boom Turned Deadly.'' Retrieved on 2009-07-30.〕〔Etaiwannews.com. "(Etaiwannews.com )." ''China police, 30,000 workers clash: rights group.'' Retrieved on 2009-07-30.〕
==Background==
News spread that the state-run Tonghua Iron and Steel Group (TISG) was being taken over by the privately owned Beijing Jianlong (建龙) Steel Holdings, formed in 1999 by Zhang Zhixiang (张志祥), a iron & steel merchant from Jiaxing. Jianlong Steel had previously purchased a 36.19% stake in TISG in 2005 during the privatization attempt launched by the Chinese government, and despite not having a majority representation, Jianglong Steel Holdings nonetheless managed to have most of the managerial staff demoted and replaced by managers from Jianglong, under the claim of attempting to improve the performance of TISG. However, the managerial shake up did not bring improvement as Jianlong had promised, but instead, TISG continued its downward spiral, resulting in most of TISG workers losing their pay, with many of them suffering in the harsh cold of winter when their heat was turned off as they could not afford to pay the heating bills. By the second quarter of 2009, TISG had lost over 11 billion yuan ($159.5 million) since the 2005 Jianlong takeover and its managerial reshuffle. Jianlong Steel responded by selling out all of its shares of TISG, begun to get out completely at the start of 2009, citing that Jianglong could no longer handle the unacceptable loss of TISG, and by March, 2009, Jianlong claimed that it was completely out and no longer responsible for TISG. However, as the market rebounded, TISG once again begun to make profits, pulling in a profit of 45 million yuan ($6,255,00) in June alone. Witnessing the resurgence of TISG, Jianlong once again asked to purchase shares of TISG in July, 2009, merely four months after its complete pullout, and this time it was the controlling share of 65%. The request was approved by provincial officials of Jilin province.
〔Sina.com. "(Sina.com )." ''Finger pointing in steel mill death.'' Retrieved on 2009-07-30.〕
Workers feared that a corporate takeover would lay off 30,000 employees in 3 days.〔 Workers earn a monthly salary of about 300 to 500 yuan ($43.92 to $73.20), compared with 2,500 yuan ($366) per month before Jianlong's first takeover bid.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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