Ford's Broadmeadows facility has run out of at least one key component for V8 engines, and will have to shut down until its supplier resolves labor issues. The supplier, Coghlan and Russell Engineering, owes employees a boatload of money - in the order of 1.5 million-plus Austrailian dollars. Because of the outstanding payments, workers are holding out until they get the funds they're due, including pension and unemployment stipends. Ford and Delphi had offered to float Coghlan and Russell for a
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.