• Most Popular
  • Most Shared

Kia union to hold partial strike on Thursday

Wed Jul 9, 2008 10:51pm EDT

Stocks

   

SEOUL, July 10 (Reuters) - Unionised workers at Kia Motors Corp (000270.KS) plan to stop work on Thursday for four hours over a wage deal, the union said.

Stocks  |  Global Markets

The move by the country's No.2 auto maker union follows a call by unions at Kia affiliate Hyundai Motor Co (005380.KS) for upcoming four-hour strikes on the same day.

"We want the company to join ongoing wage talks with an umbrella union", Song Ho-chang, a union spokesman, told Reuters by telephone.

Meanwhile, Ssangyong Motor Co (003620.KS) announced a halt in car production, because of a partial strike for two hours, according to a filing with the Korea Exchange.

Shares in Kia were down 2.7 percent at 10,800 won, compared to a 0.44 percent fall in the overall market as of 0223 GMT.

(Reporting by Park Ju-min; Editing by Keiron Henderson)

Stocks
Global Markets


More from Reuters

Photo

Microsoft loses Word appeal, will adjust program

SEATTLE (Reuters) - Microsoft Corp said on Tuesday it will tweak its Word application to remove a feature judged to be a breach of patent, ensuring that it will be able to continue selling one of its most widely used programs.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Investors walk at the Dubai Financial Market December 21, 2009. REUTERS/Mosab Omar
Analysis:

Dubai, it's time to get creative

Scrambling to rebuild its image after a $26 billion debt bombshell, Dubai needs to raise cash without the PR nightmare of raising taxes.  Full Article 

Global Markets