Ssangyong Mtr union threatens strike against sale

Newswire

SEOUL, Nov 14 (Reuters) - The labour union at South Korea's Ssangyong Motor Co said on Friday it would stage an indefinite strike if creditors forged ahead with a planned sale of the sport utility vehicle maker. Earlier this week, Ssangyong said creditors would sell a 55.4 percent stake in the company via an international auction. It has been under a creditor-led restructuring programme since December 1999 due to hefty debts. "Creditors should immediately drop their unilateral plan for ...

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