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CEO, 4 Execs of GM Korea to Stand Trial for Illegally Hiring Workers on Secondment

CEO, 4 Execs of GM Korea to Stand Trial for Illegally Hiring Workers on Secondment

INCHEON, July 21 (Korea Bizwire) — The CEO of GM Korea Co. and four other executives at the Korean unit of the American carmaker will stand trial on charges of illegally hiring about 1,700 manufacturing workers on secondment, prosecutors said Tuesday. The district prosecutors’ offices in Incheon and Changwon said five GM Korea executives, including [...]

GM Korea Union OKs Wage Deal

GM Korea Union OKs Wage Deal

SEOUL, April 14 (Korea Bizwire) — The union of GM Korea Co. said Tuesday that its members have endorsed a tentative wage deal, averting a strike amid the ongoing coronavirus pandemic. The agreement was approved by 53.4 percent of more than 7,200 union members who voted earlier this week. More than 500 other union members [...]

GM Korea Chief Says Wage Increase Will Hurt Competitiveness

GM Korea Chief Says Wage Increase Will Hurt Competitiveness

SEOUL, Oct. 16 (Korea Bizwire) — The chief executive of GM Korea Co. said on Wednesday increased labor costs would hurt the carmaker’s profitability and competitiveness amid stalled wage negotiations with its trade union. Kaher Kazem, GM Korea president and chief executive, held an emergency meeting with executives at the carmaker’s main plant near Seoul. [...]