SOUTH KOREA: GM Korea to outsource CKD, lay off 1,000
GM Korea wants to outsource production for CKD kit exports to subcontractors by 2014, endangering the jobs of at least 1,000 employees in Korea.
GM executive Tim Lee announced plans to outsource production of 'completely knocked-down' cars for export at GM Korea headquarters. CKD kits accounted for 62% or 1.28m units of GM Korea's total production of 2.08m last year.
According to the company, over 10,000 people work in production full-time, and 2,000 work on CKD production and packing. The kits are assembled in countries such as Russia, India and China.
GM Korea plans to lay off 1,000, or 10%, of the workforce through voluntary retirement or other redundancy measures. GM blames the high production cost in Korea.
Over the past several years, labour costs in other overseas plants of GM decreased but in Korea they rose, the automaker said.
The company's labour union has already voiced strong opposition and vowed to scupper the plan.
After being entertained for the last couple of weeks by Germany v France over Mercedes' choice of air conditioner refrigerant (colleague Simon Warburton has now learned so much about R134a v r1234yf h...
A 7 September win for the Liberal-National parties coalition in Australia's federal election would lead to General Motors Holden ending manufacturing. So claims Phil Horton, the managing director of B...
Wang Xiaoqiu has been named president of Shanghai-GM, effective 13 August. He succeeds Ye Yongming, who has left the GM-SAIC joint venture....
Steve Keifer, head of powertrain systems at supplier Delphi for the last two years, is joining former parent company General Motors from September 1 to lead its global powertrain operations....
General Motors will start offering wireless charging for smartphones in some vehicles next year, according to a Bloomberg report citing remarks from Powermat Technologies....
GM is looking for at least 20% improvement to the electric-only range on its next generation Volt/Ampera models, according to reported remarks from CEO Dan Akerson....
- ANALYSIS: Hyundai axes Veloster, goes after Toyota
- Review of 2014 (1)
- ANALYSIS: Future models for North America - Part 2
- THE WEEK THAT WAS: Bleak Christmas ahead for some
- ANALYSIS: Future models for North America - Part 1
- Ford union to block "even a screwdriver" at Genk
- JLR research removes blind spots
- Genk mayor organises "loudest shift" as Ford exits
- NHTSA lists Ford, Jaguar and Porsche recalls
- Bye, Chrysler, hello FCA US