General Motors Korea on Monday said it would reduce production this week by up to 10% because of a possible lack of parts from Japan following the earthquake.
The automaker – previously known as GM Daewoo Auto & Technology – said it would stop four hours a day of overtime work from today (21 March, 2011) at its plants in the western city of Bupyeong and in the southwestern port of Gunsan, the Korea Herald reported.
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The company said it would also suspend eight hours a day of extra work during the weekend at Gunsan. But it will maintain its current work schedule at its plant in the southern city of Changwon.
“Overall, up to 10% of production will be reduced,” a GM Korea spokesman told AFP.
“The move is temporary, and our company will decide whether to reduce production next week while watching the situation in Japan,” he said.
GM owns a 70.1% stake in GM Korea, the main manufacturing base for Chevrolet brand models sold outside North America. Its market share in Korea was around 8% last year.
