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Watch as GM Korea Employees Storm and Destroy CEO's Office

Frosty

By Frosty
in Auto News

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Frosty Grand Master

Frosty

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GM's Korean operations are in trouble. GM has asked the union there for cost concessions or it will file for bankruptcy. GM has already announced one permanent plant closing in Korea. The fate of the rest of the plants is up to the union. Obviously some union members are not happy with GM's ultimatum!

http://fortune.com/2018/04/06/gm-korea-ceo-office-general-motors/

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Frosty Grand Master

Frosty

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Good background article regarding the state of GM operations in South Korea. Bottom line, GM is prepared to exit Korea, just like Europe, Africa, and India, if it doesn't get what it wants.

https://www.bloomberg.com/news/articles/2018-04-12/gm-korea-future-hangs-by-a-thread-as-16-year-foray-risks-folding

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