Unions Plan More Strikes Over Hyundai HQ Purchase - Money Should Be In Their Pocket

Workers at Hyundai Motor Group pledged more strikes as the two carmakers and their biggest supplier finalized a $10 billion purchase of plum real estate in Seoul for a new headquarters.

The boards of Hyundai Motor Co., partner Kia Motors Corp. and group parts supplier Hyundai Mobis Co. signed off on the land deal earlier today, divvying the mammoth costs among them.

Hyundai Motor will foot 55 percent of the 10.55 trillion won charge, Kia will pay 20 percent and Mobis will pick up the rest, the companies said in a regulatory filing.

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TheSteve - 9/26/2014 11:32:22 AM

+1 Boost

Union members often have a grand sense of entitlement. Union executives certainly breed that it their members to ensure their own revenue.

MDarringer - 9/27/2014 10:50:30 AM

+1 Boost

Unions are legalized organized crime.

MDarringer - 9/27/2014 10:50:11 AM

+1 Boost

Moronic union!

HughJass - 9/30/2014 10:11:15 PM

+1 Boost

You have organized crime vs government supported organized crime. Korean conglomerates operate as little kingdoms. Let them enjoy their infighting while their companies go bankrupt to the next Asian country willing to work for less.