Mayor Heo Seong-mu Holds Cooperation Meeting at Ssangyong Motor Changwon Plant

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Changwon City, Gyeongnam Province, announced on the afternoon of the 27th that it visited Ssangyong Motor's Changwon plant and held a cooperation meeting.

The meeting was attended by Mayor Heo Seong-mu, Ssangyong Motor's court-appointed manager Jeong Yong-won, executives, and the labor union chairman to hear the current status of Ssangyong Motor and to unite efforts for early normalization.

The Ssangyong Motor Changwon plant specializes in producing engines, the heart of automobiles.

Starting in 1954 as Hadonghwan Automobile Workshop specializing in bus production, it went through Shinjin Motor Co., Ltd. and Dong-A Motor Co., Ltd., and changed its name to Ssangyong Motor Co., Ltd. in 1988, continuing to this day.

Since 1990, it opened the domestic market for the first four-wheel-drive passenger cars and SUVs, but due to a decline in sales of its main diesel SUV models, it applied for court receivership in December last year and has been undergoing corporate rehabilitation procedures since April, facing significant difficulties.

Accordingly, the city decided to continuously communicate with Ssangyong Motor officials and cooperate for the early normalization of Ssangyong Motor, a major pillar of the Changwon regional economy.

A Ssangyong Motor official said, "To repay the interest and support, labor and management will unite and do their best to restore management as soon as possible for the survival of the company and employment stability."

Mayor Heo said, "Although the Ssangyong Motor Changwon plant is not a complete vehicle assembly plant, it is a plant specializing in producing engines, the core parts of automobiles, and a pride of Changwon City," adding, "We support the efforts of labor and management for early normalization and will spare no support for the revival of Ssangyong Motor and its successful entry into the future automobile industry."

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