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SSANGYONG MAY RECONSIDER LAYOFFS IF STRIKING WORKERS DISPERSE.
SEOUL, June 8 Asia Pulse - Ssangyong Motors Corp. (KSE:003620), South Korea's smallest carmaker, urged its striking workers on Monday to stop their weeks-long sit-in protest saying that it could reconsider a massive lay-off.
Thousands of unionized workers at Ssangyong have occupied the carmaker's sole plant in the city of Pyeongtaek, 70 kilometers south of Seoul, since May 21, to protest a massive job-cut plant. In response, Ssangyong has closed the Pyeongtaek factory.
"Should striking workers stop their sit-in protest, and return to work, we can reconsider a massive job-cut plan," said an official at the carmaker.
Ssangyong, which has been under court receivership since February, plans to cut 36 per cent of its workforce, or 2,646 workers, as part of its survival bid.
Prospects, however, for resolving the labor standoff at Ssangyong are seen to be dim as the striking workers have pledged to stage a ...
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- Picture from: Getty Images AUM JUNG-SEOK August 5, 2009 700+ words
...JUNG-SEOK Getty Images 08-05-2009 Ssangyong Motor employees (top) throw stones to striking workers... Full Size JPG (2220 KB) Ssangyong Motor employees (top) throw stones to striking workers (bottom) at the compound of the Ssangyong...
Source: HighBeam Research, SSANGYONG MAY RECONSIDER LAYOFFS IF STRIKING WORKERS DISPERSE.