07-24-2006, 02:45 PM
Strike Stops Hyundai Exports
The Daily Auto Insider
Monday, July 24, 2006
July 2006
A partial strike by its labor union has forced Hyundai, South Korea's largest automaker, to suspend vehicle exports, the Associated Press reported.
"Exports have stopped," said a Hyundai spokesman, adding that the company has about three month's worth of vehicle inventory already shipped overseas, so there has been no supply disruption to dealers.
Summer is traditionally a period of labor unrest in South Korea, when unions make demands for pay and benefit increases. Strikes are often a part of the bargaining process, the story explained.
The Daily Auto Insider
Monday, July 24, 2006
July 2006
A partial strike by its labor union has forced Hyundai, South Korea's largest automaker, to suspend vehicle exports, the Associated Press reported.
"Exports have stopped," said a Hyundai spokesman, adding that the company has about three month's worth of vehicle inventory already shipped overseas, so there has been no supply disruption to dealers.
Summer is traditionally a period of labor unrest in South Korea, when unions make demands for pay and benefit increases. Strikes are often a part of the bargaining process, the story explained.