GM Korea fails to reach agreement with union ahead of deadline proposed by its U.S. headquarters

Arirang News 2018-04-19

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Ailing automaker GM Korea failed to reach an agreement with its labor union on Wednesday,... although it proposed a relocation program for the remaining workers at its Gunsan plant, which is scheduled to shut next month.
With only a day left until the April 20th deadline set by its U.S. headquarters,... GM Korea's management and union will hold another round of talks today.
Kim Hyo-sun tells us more.
The ninth wage negotiation meeting between GM Korea and its labor union ended Wednesday with no agreement.
GM Korea called for the union to accept by Friday a self-help package that would cut some 94 million U.S. dollars-worth of welfare costs.
Friday is the deadline set by GM Korea's headquarters in the U.S.
It also offered to relocate the 680 workers left at the Gunsan plant to factories in other parts of the country to ensure they are no laid off.
The management explained that the plan entails voluntary retirement by its workers at the Gunsan plant,... and a gradual relocation of the remaining employees to three plants in Bupyeong and Changwon.
It added that those who have been excluded from the relocation program will be put on five-year unpaid leave until the company normalizes its plant operations in 2022.
The union said it cannot agree on the proposal as the company hasn't offered the exact number of employees who may be transferred nor a timeframe for the relocation.
Some 19-hundred out of the 26-hundred Gunsan plant workers have already filed for the voluntary retirement program and quit the company with a severance package.
With only a day remaining before the deadline,... the company and the union will meet once again on Thursday.
Kim Hyo-sun, Arirang News.

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