General Motors Threatens to Withdraw from South Korea Due to Workers Strike
This could just be a tactic to end the strike, but at some point I am sure GM has some red line they have identified to close their plant in Korea if this continues:
An executive of General Motors Co., the parent company of GM Korea Co., said the U.S. automaker could withdraw from South Korea if workers at the Korean unit continue to go on strike for wage hikes amid the COVID-19 pandemic, according to GM Korea Thursday.
GM Korea workers have been staging several rounds of partial strikes since Oct. 30, demanding an end to a wage freeze and a new vehicle production plan at its No. 2 Bupyeong plant in Incheon, just west of Seoul.
The persistent industrial action has cost the company 17,000 vehicles in lost production, and the number is expected to reach 20,000 by the end of the week, Steve Kiefer, president of GM’s international operations, told Reuters.
Yonhap
You can read more at the link.
GM will just increase production in China. Watched a video a couple years ago (after they got bailed out by the US govt) and they said their main focus was going to be on China, not the US. Screw GM, let them close.
Korea won’t be producing cars for very much longer with these Commie unions always crying poor.
Globalization has hurt unions more than corporations. By a long shot. However, the folks running the unions act like companies can’t just leave. Very short-sighted.
No need for cars when you are net zero!