Makino Milling’s Union Says It’s Against Any Takeover by Nidec

Makino Milling Machine Co.’s official labor union reiterated its opposition to Nidec Corp.’s $1.6 billion offer to acquire the machine tool maker, arguing that the business sense of any deal was unclear.

Members of the union said in a news conference Wednesday that they remain against a takeover by Kyoto-based Nidec, adding that the maker of precision equipment has failed to allay their concerns about its unsolicited bid initiated in December.

Nidec’s past acquisitions have resulted in deteriorating working conditions at target companies, the union has said in a letter addressed to Makino Milling President Shotaro Miyazaki in ...