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GM Korea reaches tentative deal with union on restructuring

2018-04-23 1 Dailymotion

한국GM 노사, 임단협 교섭 잠정 합의<br /><br /> The local unit of General Motors managed to avoid having to file for bankrupty.<br />Labor and management at GM Korea tentatively agreed on restructuring plans... following a months-long row.<br /> After the 14th round of negotiations, which began at 5 am Monday local time, the two sides reached an understanding on major issues such as the fate of 6-hundred-80 workers at the Gunsan plant, which is being shut down next month.<br />Those workers will be given the choice of voluntary resignation or relocation to other factories.<br />GM Korea had set a deadline of 5 p.m.... after which it would file for court receivership if talks broke down once again.<br />The company vowed to form a special committee to discuss normalization of its management with the labor union. <br />

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