Mexican Media Brands
Seoul Threatens to Intervene in Hyundai Labor Strike
South Korea’s government says it may step in to resolve a general strike that began on Monday against Hyundai Motor Co.
#workforcedevelopment #labor
Share
South Korea’s government says it may step in to resolve a general strike that began on Monday against Hyundai Motor Co.
Labor Minister Lee Ki-kwon says the government will consider “all possible measures” to end the walkout. He reiterates the carmaker's claim that the strike already has cost 121,200 units of production worth 2.7 trillion won ($2.5 billion).
Lee estimates the continuing daily cost of the strike at 7,200 units worth 160 billion won ($146 million). He also says the ripple effect among the carmaker’s small- and medium-size suppliers could hinder Korea’s fragile economic recovery.
The Korea Herald notes that labor unrest over a planned merit-based pay scheme for public-sector workers has spread this week to the country’s banks, hospitals and public transport services.
RELATED CONTENT
-
On a Baby Bugatti EV, a Hybrid Boat and the Future of Works
On the diminutive electric Bugatti you didn’t know you wanted; interesting predictions about apps, electrification and data; a Scandinavian hybrid tourist boat development; the VW Arteon sedan; and employment considerations in car plants as a result of electrification
-
Report: EV Impact on European Jobs Worse than Forecast
The European auto industry’s sudden shift to electrification will eliminate far more jobs than the European Commission has predicted, according to trade group ACEA.
-
Shifting Landscape of Technology Is a Never-Ending Education
Brent Donaldson, Senior Editor, Modern Machine Shop and Additive Manufacturing Magazine discusses how the shifting landscape of technology that all of Gardner’s writers and editors cover is a never-ending education. If we are truly doing our jobs, we will never feel like we’ve mastered them. As I continue writing and reporting for AM and MMS, it’s easy to imagine how these technologies’ interdependency will continue to grow. It also seems clear that this kind of reporting — the kind that requires editors to experience and share new manufacturing technologies and strategies — is the kind of reporting that only Gardner can produce with any depth. I’m grateful to be part of it.