Hyundai Motor Faces Sales Slump and Labor Dispute as Genesis Line Halts
A portion of the Genesis production line at Hyundai Motor’s Ulsan plant has been halted following a confrontation between management and labor over the introduction of a test vehicle for a new model. The disruption adds to concerns over the automaker’s business performance as its global sales have d
Hyundai Motor is grappling with a production slump and a labor dispute at its Ulsan plant, following a confrontation between management and union delegates over the introduction of a test vehicle for the new Genesis model. The dispute, which began on November 2nd, has halted a portion of the Genesis production line, adding to concerns over the automaker's declining sales performance.
Global sales have dropped for 13 consecutive months, with October's sales falling by 6.3% compared to the previous year. Hyundai had hoped to reverse the trend by introducing new versions of key models, but sales continue to decline both domestically and overseas. The internal dispute highlights the challenges the company faces in negotiating man-hours for new models and the resistance from union delegates over test vehicles, which they fear could lead to workforce reductions.
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- Hyundai Motor Halts Genesis Line on Labor Dispute Amid Sales Slump businesskorea.co.kr
