South Korea: General Motors workers launch first full strike in two decades over wages and potential lay-offs

Author: Song Jung-a, Financial Times, Published on: 13 September 2019

"GM Korea workers stage first full strike in more than 20 years", 9 September 2019

Unionised workers at the South Korean unit of GM have launched an all-out strike for the first time in more than two decades, demanding higher wages and protesting against the US carmaker’s restructuring plans...

...The 8,000-strong union at GM Korea downed tools...at all three of its plants in South Korea and plans to continue the strike through Wednesday, expressing opposition to potential lay-offs due to declining production volumes...

...The union is demanding a 5.7 per cent increase in basic monthly salary, one and a half months of wages in incentives, and a cash bonus of Won6.5m ($5,400) per worker. GM Korea has refused, citing huge losses at the unit...

...Julian Blissett, senior vice-president in charge of GM’s international operations, visited South Korea last month and said headquarters was “disappointed” with the union’s decision to go on strike. But he said GM could compensate by making up for lost production at the carmaker’s plants in other countries...

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Related companies: General Motors