GM Daewoo Employees Approve Wage Agreement
An estimated 66.3 percent of union members, who voted, supported the agreement, which includes a wage freeze for 2009.
“We are very pleased with the ratification of the agreement by our employees and the labor union,” said GM Daewoo President and CEO Michael Grimaldi. “This is very important as we face numerous business challenges. It will enable GM Daewoo, which is an important part of the new General Motors Company, to strengthen our competitiveness in the domestic and global market.”
Labor union Chairman Lee Nam-mook said, “The outcome of this year’s wage negotiations reflects a broad determination by our union members to support GM Daewoo during challenging times. The company and labor union need to continue to work together in order to overcome the current difficulties facing us as a result of the global economic downturn.”
A labor agreement signing ceremony will be held at GM Daewoo’s Bupyeong headquarters in Incheon during the week of August 10.
GM Daewoo Auto & Technology was established on October 17, 2002. It has five manufacturing facilities in Korea as well as an assembly facility in Vietnam. In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. In 2008, GM Daewoo sold in Korea and exported more than 1.9 million units, including CKD products. GM Daewoo now produces vehicles and kits that are offered in more than 150 markets on six continents. More information on GM Daewoo and its products can be found on the company’s website at http://media.gmdaewoo.co.kr/.
웹사이트: http://media.gm-korea.co.kr
연락처
GM Daewoo Corporate Communications
02-755-4043~4044, 4048
