Alva Review-Courier -

GM to close auto plant in South Korea in restructuring

 

February 11, 2018



SEOUL, South Korea (AP) — General Motors says it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations.

The move is a blow to the administration of President Moon Jae-in, who has made jobs and wages a priority since taking office in May 2017. A GM statement said Monday that it has proposed to its labor union and other stakeholders a plan involving further investments in South Korea that would help save jobs.

"As we are at a critical juncture of needing to make product allocation decisions, the ongoing discussions must de...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2017