SEOUL — Daewoo Motor Co. Ltd. was expected to unveil a self-rescue plan on Oct. 31 that would include a 15% reduction in its workforce and 30% in wages across the board. The plan is the first step of a restructuring scheme to appease creditor banks, which have shut-off Daewoo Motor’s life support system by refusing to grant the company any more credit, while demanding sweeping restructuring changes. The financially crippled Korean car company's vital signs have been failing rapidly over ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.