SEOUL, March 18 Hyundai Motor Co's
vice chairman in charge of labour relations, Kim Eok-jo, has
quit after disputes with workers this month which cost the South
Korean automaker 270 billion won ($243.14 million) in lost
production, the firm said on Monday.
Its labour union refused to work over the weekend of March
16 and 17, the second consecutive weekend stoppage, as it locked
horns with the automaker over new production schedules which
have eliminated overnight work.
The union wants the world's fifth biggest carmaker to make
up for wage cuts stemming from reduced weekend working hours, a
call rejected by the management. Hyundai said it was unable to
produce 13,000 vehicles during the two weekends in March.
The 62-year-old Kim, who cited "personal reasons" for his
resignation, lasted only one year in the job, underlining
troubled labour relations at Hyundai's South Korean plants,
which supply 43 percent of the vehicles it sells globally.
The new working system is expected to reduce Hyundai's
production in South Korea, adding to troubles for the automaker
which is already struggling with limited global capacity.
($1 = 1110.4500 Korean won)
(Reporting by Hyunjoo Jin; Editing by Daniel Magnowski)