Striking workers adding to Hyundai/Kia woes

Last month, we reported that that members of the Korean Confederation of Trade Unions (KCTU) went on strike in protest of a new bill allowing Hyundai and Kia Motors management more leeway in the use of sub-contract and temporary workers. Well, AFX News Limited is reporting that both companies admitted publicly Friday they have shut down all operations, as more workers join the KCTU strike. While the automakers state they will resume on the 17th, the strike comes at an important moment, as the Korean government investigates Hyundai for illegal lobbying.
[Source: AFX News Limited via Forbes]

Share This Photo X