Kumho Tire has been attempting to downsize for a possible sale, according to the Korea Times. At the same time, the Korea Development Bank (KDB) is threatening to withdraw support for Kumho Tire unless the tyremaker can agree restructuring terms with its trade unions. And this in turn could trigger receivership.
Leo W. Gerard, president of US-based trade union the United Steelworkers (USW), has sent a letter to South Korea’s President in which he raises concerns about Kumho Tire’s dealings with its workforce in the United States. The USW comments that this correspondence with Moon Jae-in addresses Kumho’s “union-busting actions towards its workers” and asks the South Korean government to intervene and “ensure that the workers are free to exercise their democratic rights.”
The production of Jaguar Land Rover engines at Bridgend’s Ford Engine plant will end three months earlier than expected in September 2020. The union for motor industry workers, GMB, says the news could see more than 1,100 jobs lost at Bridgend Ford alone, and has requested an urgent meeting with the cabinet secretary for Economy and Infrastructure, Ken Skates, to discuss how best safeguard jobs in the motor industry.
Hankook could be the subject of the first strike action in its history after 86.3 per cent of its union members voted for industrial action, newspaper Korea Joongang Daily reports. The vote, with ballots cast by 4,430 out of 4,700 union members between 21 and 23 August, comes after management proposed an annual wage hike of 1 per cent.
The Belshina tyre plant is scheduled to re-start production today (1 April 2015) after production ceased on 26 March, according to the Belarusian Independent Trade Union various (BITU), in a move that is seen as indicative of wider economic concerns and is blamed on low-cost Asian tyre imports.
Artur Mikhalap, BITU chairman, commented: “The plant stopped completely, reason unknown to me, but the thinking is the same as in most enterprises – no market. Warehouses are filled up. According to my information the plant stopped only for five days, until April 1.