If its turnaround is successful, Ssangyong Motor (SYMC) plans to rehire employees who lost their jobs in April 2009, parent Mahindra Group said.
Ssangyong laid off around 37% of its total workforce, or 2,645 people in 2009.
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Mahindra Group chairman and managing director Anand Mahindra said: “If Tivoli is successful and if turnaround of SYMC is successful then I would assure you when the time comes for the fresh recruitment, we would very certainly recruit from the people who lost jobs in 2009.”
On 13 January, Ssangyong launched the Tivoli SUV in South Korea.
He also said that the revival of SYMC is not complete yet. “Today, thanks to the efforts of the team here, over 4,800 people have the chance of survival and keeping their jobs. I use the word that SYMC has the chance for the survival and I want to emphasise this word. It is a chance and we cannot and must not lose. There are still many challenges ahead. Turnaround of SYMC is not complete,” Mahindra added.
On Ssangyong’s future, he said: “We are targeting the US market. I believe that as Mahindra group as a whole, SYMC is the flag bearer of the group in automobiles in the US market. Korea as a country has established its brand reputation for making good reliable automobiles. It’s good common sense for us to support the move of SYMC in US. Right now we have adequate capacity here and we would utilise that capacity,” PTI reported.
