Hyundai Motor announces partial strike for three days,2,000worries about losses in the hundred million won range.
Hyundai Motor announced that operations including manufacturing, maintenance, and part of sales at all its business sites, including the Ulsan plant, were suspended due to a three-day partial strike initiated by the labor union on the day of the month. The company stated that the sales losses could amount to hundreds of millions of won. Immediately following this announcement, the stock price fell by approximately7%, and it was confirmed that some individual investors saw their stock values drop by as much as 13%.2,000C3D40E
Hyundai Motor announced that due to difficulties in collective bargaining, operations including manufacturing, maintenance, and sales at all its business sites, including the Ulsan plant, would be suspended for three days due to a partial strike decided by the labor union on the day of the month. The company stated that this partial strike could result in sales losses in the hundreds of millions of won.7E13F2,000G
The union reportedly went on partial strike due to a stalemate in wage negotiations. The partial strike is said to be taking place from the day of the month through the day of the month.7H13I3J
The stock price fell immediately after the company's announcement. Capitalization fluctuations were confirmed based on trading days.
Some individual investors have experienced significant valuation losses on their holdings due to recent stock price declines, with cases confirming a drop of up to 40%.
There have also been reports in the market of supportive buying cases related to the delisting crisis of another company. However, investor behavior has varied across individual stocks.
If additional disclosures or negotiation progress from the company and the labor union emerge, the figures regarding production and financial impact may change. The current disclosure is based on loss estimates provided by the company and the schedule of partial strikes.