The union at SsangYong Motor has voted to strike against the carmaker’s majority shareholder Shanghai Automotive Industry Corp. (SAIC) Motor for alleged transfer of technology to China.
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“The result has already been decided,” a union leader told the Korea Times. “We will set the strike dates through internal consultations.”
The paper noted that the Ssangyong union had recently called for SAIC Motor and Ssangyong management to bring home as soon as possible research and development staffers, who were dispatched to China.
At a press conference last week, union leaders reportedly claimed that SAIC Motor, which holds a 50.91% stake in Ssangyong Motor, had no plan to invest even a penny in the Korean subsidiary since its acquisition last year.
The Ssangyong union told the Korea Times that the possibility of technology relocation is getting higher, stressing: “We will refer the case to the prosecution when we obtain concrete allegations.”
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By GlobalDataThe paper said the union also insisted that the technology transfer has already begun, saying that SAIC Motor took the detailed designs of Kyron, a sport utility vehicle.
