Korea Strike Severely Affects GM Production image

The strikes in South Korea have considerably affected GM’s production in the region.

GM’s workers in Korea started the strike on July 4th and extended it for three days. The union initially announced that strike will take place only on July 4th at all GM’s plants in the region, but partial walkouts were also held on July 5th, declined overtime and refused to work during the weekend.

The three days while production was stopped meant 104 hours lost, at the plants which build 180 units per hour. This means that production loss through Tuesday was around 18,720 vehicles, without taking into consideration the weekend and overtime. On July 4th, workers in Korea stopped production for six hours at each of the four plants and for 10 hours per plant on July 5th.

“The two sides probably could have reached an agreement if the wage increase was the only issue in our negotiations. We want to get confirmation from management about plans for the release of new models that will guarantee the sustainability of the company and continued employment for our workers,” said Korea Metal Workers Union GM Korea Branch spokesman Choi Jong-hak.

Source: wardsauto.com