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Author Topic: Korean Automakers striking US policies!!!!  (Read 781 times)

J dot Miller

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Korean Automakers striking US policies!!!!
« on: June 12, 2007, 07:24:50 AM »
SEOUL (Reuters) -- Unionized workers at Hyundai Motor Co. and other automakers said today they planned work stoppages for later this month as part of protests against a U.S.-South Korea free trade agreement.

Last year, Hyundai's union members staged strikes for a total of 33 days as they called for higher wages and better working conditions. Some of the protests were made in opposition to new labor laws and free-trade talks with the United States.

Those actions cost 115,683 units in lost output, or 1.6 trillion won ($1.72 billion), Hyundai estimated.

Members of the Korean Metal Workers' group, which include the auto industry unions, will take turns by region in staging two-hour strikes daily from June 25-27.

All members will hold a four-hour strike on June 28 and a six-hour stoppage on June 29, the metal workers' union said.

"We, as a member, will follow the group's decision," a Hyundai Motor union official said, asking not to be identified.

Workers at Hyundai affiliate Kia Motors Corp., GM Daewoo Auto & Technology Co. and Ssangyong Motor Co. will join the action, union officials at the companies said. Renault Samsung Motors Inc. does not have a union.

Last year, South Korean automakers' unionized workers voted to bring their company unions under one industry group to strengthening their bargaining power.

Poor labor relations are seen as a major hurdle to Hyundai's target of becoming the world's No.5 automaker by sales volume along with Kia, from the current No. 6.

In January, Hyundai's unionized workers held a partial strike and refused overtime over a bonus dispute.

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The 5.4 swap has been called a bad idea, and considered an underpowered considerable waste of time, since 2007.

Nice to see that most donít think that anymore.
Bondfreak13 07/28/09 09:05 PM

rjstat

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Re: Korean Automakers striking US policies!!!!
« Reply #1 on: June 12, 2007, 12:52:14 PM »
Well if this keeps up the and the unions get what they want the foreign car market will end up like the UAW that the big contracts and when manufactures don't get their cut they close down plants and raise prices which could be a blessing for the American car maker.
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J dot Miller

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Re: Korean Automakers striking US policies!!!!
« Reply #2 on: June 12, 2007, 07:21:02 PM »
Ah yes....  What every red blooded American & Korean wants to work at the UAW job bank...


« Last Edit: June 26, 2007, 09:26:41 PM by J.Miller »
The 5.4 swap has been called a bad idea, and considered an underpowered considerable waste of time, since 2007.

Nice to see that most donít think that anymore.
Bondfreak13 07/28/09 09:05 PM