• Most Popular
  • Most Shared

GM Daewoo union to launch partial strike on wages

Wed Aug 20, 2008 11:16pm EDT

SEOUL, Aug 21 (Reuters) - Unionised workers at GM Daewoo Automotive and Technology Co, the South Korean unit of General Motors Corp GM.N, said on Thursday they had decided to launch partial strikes over a wage deal.

Stocks  |  Global Markets

Union members on the day and night shifts will both halt work for four hours on Thursday, and for six hours on Friday and next Monday, the union said on its web site.

They will also refuse overtime work during the partial strikes.

GM Daewoo's union has staged 12 partial strikes resulting in about 15,000 vehicles in lost output since July 8, a company official said.

But unionised workers at South Korea's automakers usually make up lost production incurred during strikes through overtime work and extra shifts. (Reporting by Cheon Jong-woo; Editing by Jonathan Hopfner)

Stocks
Global Markets


More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The Obama administration said on Sunday it was investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet and sought to head off Republican attacks over its anti-terrorism measures. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets