Cambridge-based inkjet printer firm Xaar said the staff in its China office had all quit in an argument over unfair treatment.
The seven employees and two contractors, had resigned with immediate effect, Xaar said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"At this stage the impact of the resignations is not expected to be material to Xaar's 2012 earnings," it added.
The firm said that short term actions to support Xaar's Chinese customers were being implemented immediately, and an update on the company's longer term arrangements for China would be provided with its 2011 results announcement on 20 March 2012.
The argument began in December 2011, when Xaar's China staff said they were suffering unfair treatment of both themselves and some Chinese customers compared to other regions.
This included allegations that Xaar's pricing and shipment policies had created an unfair market.
"Xaar has taken the allegations extremely seriously and, having completed a thorough investigation, has found no evidence to substantiate the allegations," the company said.
However, the China staff rejected the conclusions of the investigation, and have now resigned.
-
How inheritance tax trick is helping families save ‘six-figure sums’Happy to skip a generation to save thousands on inheritance tax? A deed of variation could be the estate planning tool you need.
-
Nationwide: House prices unexpectedly dropped in AugustHouse prices fell by 0.1% in August in a surprise drop, according to Nationwide, as “affordability remains stretched”
