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GM to Discuss Labor Problems with Korea’s President
CEO Dan Akerson plans to talk about General Motors Co.'s troubled labor relations in South Korea when he meets with President Park Geun-hyein the U.S. this week, according to Reuters.
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CEO Dan Akerson plans to talk about General Motors Co.'s troubled labor relations in South Korea when he meets with President Park Geun-hyein the U.S. this week, according to Reuters.
The news service cites the company's Korean union, which says Akerson informed labor leaders of his intentions last week.
GM's Korean workers say they are worried that they will lose work to Europe, where the company is scrambling to put its excess factory capacity to use. Labor officials warned of "enormous resistance" when GM said in November it would build the next generation of its Chevrolet Cruze compact sedan in another region.
The company pledged in February to invest $3.7 billion in its Korean operations over the next five years.
But workers were riled again last month when Akerson said that tensions between South Korea and North Korea might prompt the company to shift some operations to other Asian locations.
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