Workers at SsangYong Motor Co in South Korea say they will continue to occupy the carmaker’s factory in Pyeongtaek, 40 miles (70km) south of Seoul, following weekend clashes with management and fellow employees which led to several injuries.
Hundreds of employees have occupied the plant since the end of May in protest over planned job cuts announced by Ssangyong after the company filed for court protection from creditors in February.
After clashes this weekend, the workers’ union filed a complaint with police against the automaker’s two court-appointed representatives and specially-hired security guards who they say wielded steel pipes, fire extinguishers and clubs, injuring about 30 union members.
The union said it will continue its fight to protect jobs but is willing to work with civic groups and the company to save the Ssangyong from going bankrupt.
Ssangyong plans to lay off 36% of its workforce as part of restructuring efforts to stay afloat and avoid liquidation. It has said that, if the union continues to strike, the company would go bankrupt and 4,000 workers would lose their jobs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData