Business Services Industry
SSANGYONG MOTOR UNION, SHANGHAI AUTO FIRM TO HOLD TALKS ON SALE.
AsiaPulse News, October, 2004
SEOUL, Oct 15 Asia Pulse - The labor union of Ssangyong Motor Co., which is being taken over by China's Shanghai Automotive Industry Corp. (SAIC), is to hold discussions with representatives of the Chinese automaker today on its demands regarding the acquisition.
The meeting, which comes just a couple of weeks before the planned signing of a final contract, is deemed a crucial factor in the sale as workers are poised to launch a full strike if SAIC rejects their job guarantee and other demands.
"We stand firm on our position that we will embark on a full strike if Shanghai Automotive chooses not to accept our demands," Lee Young-ho, a union spokesman, told Yonhap News Agency.
The union delivered a set of preconditions for the sale to SAIC in...
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