Hyundai Motor Faces Strikes, Shares Slide
South Korean car manufacturer Hyundai will face brief strikes by unionized auto workers this week. Poor labor relations are a main hurdle threatening Hyundai's goal of becoming a global top five carmaker by 2010. The firm traditionally faces tough annual wage negotiations with its union, the country's biggest and the most powerful arm of the militant Korean Confederation of Trade Unions. Union members will stop work for 2 hours on Thursday and for 6 hours on Friday
See "Hyundai Motor Faces Strikes, Shares Slide", Reuters, The New York Times, August 23, 2005