Book a Hotel in Phoenix through Metro Star

Colgate-Palmolive riots flare in Nepal

Phoenix News.Net
Thursday 20th November, 2008

There has been a massive upheaval at the factory of Colgate Palmolive in Nepal, with the company announcing the sale of the company after 20 years of operations.

The sale announcement said that all employees of the Nepal subsidiary would continue their employment on the existing terms and conditions.

But, after the announcement the company would be sold to Nepali company Everest Hygiene Products, angry workers seized the subsidiary's general manager Ramesh Singh Rathore.

The mob handed him over to police, alleging that the company had not informed them of the sale.

The incident has come at a time that Nepal's government has admitted that foreign investors were shying away from fresh investment in Nepal due to the lack of security.

Email this story to a friend

Have your say on this story

Top Stories

Dozens dead after Israel bombs UN elementary school in Gaza
The United Nations said hundreds of people had moved into the building to shelter themselves from the ongoing hostilities. [read story]
Arab ministers meet diplomats at UN over Gaza conflict
The United Nations in New York has been a scene of high diplomatic activity, with ministers and diplomats from Arab countries trying to put pressure on the Security Council to act over the Gaza Strip conflict. [read story]
Bush gives the US a unique national park
The world's largest marine protection area is going to be announced under the presidency of George Bush. [read story]
Barack Obama names CIA chief
President-elect Barack Obama has decided to give a former White House chief of staff, Leon Panetta, the job of heading the CIA. [read story]
Sri Lankan gunmen put television station off-air
Grenade carrying gunmen have stormed a radio and television studio in Sri Lanka. [read story]