Korea GM Union Conducts Another Three-Day Partial Strike

[Asia Economy Reporter Kiho Sung] The Korean GM union has decided to carry out a partial strike for three more days.

The Korean GM branch held a Central Dispute Countermeasure Committee meeting on the 10th and established a struggle guideline including a three-day partial strike. Workers on the first and second shifts plan to strike for four hours each day from the 11th to the 13th of this month. They also plan to continue refusing overtime and special work that began on the 23rd of last month.

The union previously conducted partial strikes on five days in total?on the 30th of last month, and the 2nd, 6th, and 9th to 10th of this month?where workers on the first and second shifts each refrained from working for four hours.

With this additional strike decision, the Korean GM union will have conducted partial strikes for a total of eight days.

Although the union’s strike is prolonging, attention is focused on whether the gap between labor and management can be narrowed as Korean GM labor and management are scheduled to hold the 22nd collective bargaining session this afternoon.

Meanwhile, Korean GM announced that due to the strike causing setbacks to its plan to return to profitability this year, it will suspend and reconsider the investment of 215 billion KRW that was being reviewed on the 6th for global new product production.

Korean GM, which had set a goal to definitely achieve a turnaround to profitability this year, is facing an emergency due to production disruptions caused by the strike. Korean GM has already suffered production losses of more than 60,000 units in the first half of this year due to COVID-19 and other factors. It is known that the cumulative production loss caused by the union’s refusal of overtime and special work, as well as partial strikes and other dispute actions, has reached 12,000 units recently.

This content was produced with the assistance of AI translation services.