Picture of Hyundai Motor Co logo

005380 Hyundai Motor Co News Story

0.000.00%
kr flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapValue Trap

REG - Hyundai Motor Co - Work Resumption <Origin Href="QuoteRef">005380.KS</Origin>

RNS Number : 9914B
Hyundai Motor Company
16 January 2018

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

Disclosure title : Resumption of Operation

1. Location Where Operation was Resumed : All Hyundai Motor Manufacturing Plants in Korea

2. Sales revenue of work stoppage business:
a) Sales revenue of work stoppage impacted: KRW 41,713,632,000,000

b) Total sales revenue of the company: KRW 93,649,024,000,000

c) Sales revenue portion of work stoppage impacted(c=a/b): 44.54%

d) Applicability as a large-scale corporation: Yes

3. Areas of work stoppage: Manufacturing, maintenance and sales of cars

4. Reason of resumption: End of work stoppage related with collective bargaining

5. Effects of work stoppage:

6. Date (and period) of resumption:

January 16, 2018

7. Decision date of work stoppage: January 16, 2018

8. Others:

-The Sales revenue of work stoppage impacted in #2 is based on 2016 Total sales revenue (HMC Only) / Total sales revenue of the company is based on 2016 consolidated revenue.

- Date of resumption in #6 and decision date of work stoppage in #7 are based on a settlement date of collective bargaining.

- Period and effects of work stoppage:

a) Period of work stoppage: August 2017 ~ January 2018, 172 hours

b) Effects of work stoppage: Total 70,484 units (excluding overtime work)


This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUNVWRWSAAARR

Recent news on Hyundai Motor Co

See all news