South Korea’s Hyundai Motor and a local government partner are aiming to sign a final deal this week on a low-cost carmaking joint venture despite stiff opposition from labor unions who fear the move would cause job losses and cut wages.
Day: December 5, 2018
Hyundai Motor’s South Korean workers to strike Thursday: union source
Hyundai Motor’s South Korean union will stage a four-hour strike on Thursday to protest against the automaker’s move to set up a low-cost carmaking joint venture, a union source told Reuters.