Korea’s national parts-suppliers group has issued a public letter denouncing the Korea Metal Workers Union branches at Hyundai-Kia for staging the strike actions, which it says could cost Tier 1 companies 79.5 billion won in daily sales....More
After a short break following last week’s 1-day partial strikes, Kia’s union struck for eight hours Thursday (Korea time) spread across two shifts, and will join Hyundai workers in partial strikes Friday totaling nine hours....More
Analysts say the strike action comes at a critical time for Hyundai, which last week launched sales of the much-awaited restyled new Avante (Elantra), consistently the brand’s top-selling model....More
Union officials vow strike action will continue unless the auto maker presents a comprehensive proposal addressing wages, job security and other issues. Hyundai already has said the current demands are excessive and cannot be met....More
St. Petersburg-made Kia Rio and Hyundai Solaris models are a significant part of both brands’ success in Russia. Kia and Hyundai rank third and fourth, respectively, in the country’s light-vehicle market....More
In addition to the breakdown of talks, a management document outlining a scheme for “demolition” of the Hyundai union has surfaced, infuriating members who plan a major demonstration at the auto maker’s headquarters....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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