Association of the automotive industry “Bankruptcy crisis in the parts industry … needs a lot of concessions”



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GM Korea Labor Management Negotiation (PG)
GM Korea Labor Management Negotiation (PG)

[장현경 제작] illustration

(Seoul = Yonhap News) Reporter Kwon Hee-won = The Korea Automobile Industry Association (KAMA) has expressed concern that the risk of component industry bankruptcy is intensifying due to labor management conflicts in the automotive industry.

On the 20th, the Korea Automobile Industry Association released its location data and said: “The market situation has deteriorated due to the re-proliferation of the novel coronavirus infection (Corona 19), and there is growing concern. for bankruptcy among component manufacturers due to production disruptions due to labor disputes. He stressed that he should strive for.

On this day, the GM Korea union decided to strike for a total of 15 days, extending the partial strike for another three days. Kia Motors[000270]He is on partial strike for four days from 24 to 27.

The association said: “In particular, the export of SUVs (SUVs) was expanding, especially for GM Korea, mainly to the United States,” and “a situation was raised where production disruptions occurred due to of a partial strike and the possibility of withdrawal “.

GM Korea’s exports in September increased 117.5% from last year, but there were production stoppages and only 2.2% in October. October exports fell 29.6% compared to September.

The association said the Corona 19 liquidity crisis and the auto industry strike brought a group of trading partners into the crisis.

The Hyupshinhoe, a group of GM Korea’s partners, said that if the partial strike continues until the end of November, it will cause a 51% loss of target and has urged the conclusion of a collective agreement.

Man-gi Chung, president of the Korea Automobile Industry Association, said: “It is very unfortunate that labor management relationships have come to a limp in a difficult situation.” “He said.

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