Hyundai Motor union, 13from 15to 2,000raises fears of losses in the hundreds of millions of won
The Hyundai Motor labor union will stage 13from 15to 2hours of partial strikes by work shift for three days. Based on the production line, a total of 12hours of operational disruption is expected, which in simple arithmetic points to 2,000hundreds of millions of won in sales losses. If refusal of special overtime and strikes at parts affiliates overlap, the losses could grow even larger.
The Hyundai Motor labor union will carry out 13from 15to 2hours of partial strikes by work shift for three days. Because this strike could have a direct impact on production and sales, investors and the industry are paying close attention.
The day shift and the night shift will each stop work for 2hours, and on a daily basis there will be up to 4hours of operational disruption. If operating hours are lost by plant, daily output will decline.
Over the three days, the partial strike amounts to a total of 12hours based on the production line. In terms of plant utilization, downtime accumulates over a short period.
Last year, 16about 7,000units of production were disrupted by partial walkouts during work hours. There was a case then in which production losses were directly linked to actual sales.
At the time, the sales loss was in the 3,000billions of won, and the industry reports that, by a simple calculation, this matter is expected to cause sales losses in the 2,000billions of won. If overtime refusal and a strike at a parts affiliate are added, the scale of the loss could grow.
Refusing overtime is a factor that reduces the ability to make up for production. If a strike at a parts maker is accompanied, there is a risk that the line stoppage will be prolonged.
Labor-management negotiations are currently at an impasse. The schedule and details of additional talks for an agreement have not yet been finalized.
The company and the labor union are expected to release, through official statements, the timing of factory-by-factory resumption and the tally of losses at a later date.
Sources: 파이낸셜뉴스 산업
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