End Of Strikes Boost Korean Output
Car production rose 22.8 percent in October from the previous month after strikes at Hyundai Motor and its affiliate Kia ended after two weeks.
Hyundai, South Korea's largest automaker, estimates a two-week strike by unionized workers that began on Aug. 25 cost 591 billion won in lost production. Kia estimates a strike that began on Aug. 29 and lasted about two weeks caused the company to forgo output worth 427 billion won.
Bloomberg
Hyundai, South Korea's largest automaker, estimates a two-week strike by unionized workers that began on Aug. 25 cost 591 billion won in lost production. Kia estimates a strike that began on Aug. 29 and lasted about two weeks caused the company to forgo output worth 427 billion won.
Bloomberg
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