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
-
8 Rules for Getting Things Done Through People
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.
-
on Plenty of Things about Volkswagen & Other Topics, Too
On VW’s Project Trinity, transformation of product development and the interior of the ID.Buzz; new buses of interest; carbon fiber for wheels and accessories (non-automotive); and Aston Martin’s EV battery