Drivers of the much-maligned Reva G Wiz, the all-electric quadricycle, have reason to smile this morning as they pass by filling stations with long queues and rationed supplies. The reason for the mayhem can be traced directly to an upcoming two-day walk out by 1,200 employees at Britain's third largest refinery at Grangemouth. Ineos, the refinery owner, has made changes to its worker's pension arrangement which would appear to be unacceptable to the Unite union and negotiations have failed to h
After two weeks of coordinated work stoppages, the Hyundai Motor Union went on full strike yesterday in South Korea. The prior two weeks of work stoppages have cost Hyundai a reported $768 million, putting the South Korean automaker 53,155 cars behind schedule.
Workers at three Hyundai locations in South Korea have walked off the job over a lack of progress in wage negotiations. The stoppages, scheduled to last a total of 12 hours over three days, will cost Hyundai almost 2,700 vehicles and $38M, but it is not said to have "significant impact" on the company's share price or product output.