Makino Milling's Union Stands Firm Against Nidec Takeover

Ladies and gentlemen, buckle up! We're diving headfirst into the drama unfolding at Makino Milling Machine Co. The union is drawing a line in the sand, and they're saying, "NO WAY, NO HOW!" to Nidec's takeover bid. Let's break it down, folks!



First things first, why the big fuss? The union is screaming from the rooftops that Nidec's past acquisitions have left a trail of deteriorating working conditions. They're not buying the "business sense" of this deal, and they're making their voices heard loud and clear. Over 90% of the union's 952 members are backing this stance, and they're not afraid to shout it from the mountaintops!

Now, let's talk about the broader picture. Japan's labor laws are no joke, and unions hold serious clout. Unsolicited bids like Nidec's are about as rare as a blue moon in Japan. The union's fight is a classic case of labor market trends in action—strong laws, proactive unions, and a whole lot of consensus-building.

But here's where it gets interesting. Nidec has a track record of M&A success that's as impressive as a Broadway show. They've turned struggling businesses into cash cows, and their acquisitions have been as strategic as a chess grandmaster's moves. Take the Emerson Electric motor business, for example. Nidec snatched it up in 2010, and BOOM! They got a global network of R&D bases, production facilities, and sales offices. Talk about a game-changer!



So, what does this mean for Makino Milling? If Nidec gets its way, we could see a massive boost in operational efficiency and financial performance. Nidec's M&A strategy is all about creating new business platforms and filling in the gaps. Makino Milling's advanced machining solutions could be the perfect complement to Nidec's existing lineup, making them an unstoppable force in the machine tool industry.

But the union isn't having it. They're digging in their heels, and they're not backing down. This could be a long, drawn-out battle, folks. Makino Milling has already fielded other takeover proposals, and the bidding war is heating up. MBK Partners and Nippon Sangyo Suishin Kiko Ltd. are in the mix, and they're not afraid to play hardball.

So, what's the bottom line? The union's opposition is a major roadblock for Nidec, but their M&A prowess is a force to be reckoned with. This is a story to watch, folks. Stay tuned for more updates, and remember—this is a market that hates uncertainty, but it loves a good drama!