Hyundai Motor "Comprehensive Employment Survey in North America... Zero Tolerance for Unfair Employment Practices"
Shareholder Letter from Jang Jae-hoon, President of Hyundai Motor Company
Hyundai Motor Company conducted an investigation into employment practices across the North American region and additionally confirmed that no cases of employing minors were found. Starting in March, the company will implement a compliance training program related to labor regulations in cooperation with the U.S. Department of Labor. This is to establish a more stringent employment management system.
On the 24th, Hyundai Motor posted a shareholder letter signed by CEO Jang Jae-hoon on its IR site. CEO Jang stated, "We investigated employment types across the entire North American supply chain," and added, "Currently, no cases of employing minors have been found among other first-tier suppliers in North America, and we have confirmed that all have proper legal employment forms."
He continued, "Based on the investigation results, Hyundai Motor plans to build a more rigorous employment management system," and "I would like to reiterate that we uphold a zero-tolerance policy regarding unfair employment issues."
Previously, Hyundai Motor confirmed that two suppliers in North America had employed minors. Subsequently, Hyundai Motor’s U.S. subsidiary investigated 29 first-tier suppliers in the North American region. Hyundai Motor required these suppliers to submit relevant documents to an external independent audit firm to verify compliance with labor laws and to prepare necessary measures.
Hyundai Motor confirmed that a third-party employment agency had submitted incorrect worker-related documents to the suppliers. Accordingly, two suppliers, SL Alabama and SMART Alabama, have ceased transactions with this employment agency. Additionally, Hyundai Motor is in the process of liquidating its equity relationship with SMART Alabama.
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CEO Jang stated, "Hyundai Motor does not tolerate unfair employment practices at any of its business sites," and "We will take a zero-tolerance stance on unfair employment and ensure that violations of regulations do not occur again."
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