GM Tells South Korean Union It Will File For Bankruptcy If They Don't Agree To Cost Cutting

South Korea’s powerful labor unions have the ability to make vehicle assembly a non-starter, and the country’s workers have been known to strike like it’s going out of style. Just ask Hyundai about that.

As it seeks to bring its operations in the country back from the brink, General Motors would prefer to see its workers’ union bend to its will, agree to the concessions demanded of it, and generally get out of the way. This isn’t happening, so GM’s now playing hardball.

MDarringer - 3/27/2018 10:17:46 AM

+1 Boost

GM can easily shift production to China and completely eliminate South Korea. The union needs to be on its knees begging. Now if only manufacturers in the USA would consider b!tch slapping the UAW!

MDarringer - 3/27/2018 11:20:13 AM

+5 Boost

As opposed to what? American-built Buicks made by the communists in the UAW?

llaroo - 3/27/2018 2:08:04 PM

+3 Boost

China makes enough already off of US debt alone. More tax cuts in US, more borrowing from China for debt , they love it and will soon have absolute control, just saying....