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 ...
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- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.