Ssangyong expanding workforce as Korando MPV joins product mix.
Things are looking up for Ssangyong. Korea’s smallest auto maker plans to put back on the payroll 455 workers who have been on unpaid leave since the company was declared bankrupt and placed in court receivership in 2009. Ssangyong subsequently was acquired by Indian auto maker Mahindra & Mahindra in February 2011 for $463.6 million. Ssangyong spokesman Sutaek Hwang confirms the 455 workers will return to work March 1 at prevailing pay rates under an agreement signed with ...
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