SEOUL, Dec. 1 (Korea Bizwire) – The first face-to-face between GM Korea’s labor union and management to negotiate wages since July wrapped up after only half an hour, as both sides used the meeting to hear the other’s key demands.
Both GM Korea and other auto industry sources confirmed that on November 30, discussions over wages were resumed at the company’s Bupyeong office with CEO Kaher Kazem present.
During the brief talks, management stressed that the company’s financial situation had become more difficult, and that it would explain in greater detail the goings-on from its perspective.
From its statements, it appears as though management will disclose certain aspects of the company’s struggles, and will use these as a backdrop for wage negotiations.
The labor union responded by demanding that management propose a plan for the future. It also agreed that the two discuss the cause of the 2 trillion won in debt alleged by management as well as possible solutions during the next round of talks.
Fellow automaker Hyundai Motors also had wage talks between labor and management on the same day, but they also closed without coming to an agreement.