Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Resumption of Operation

6th Sep 2012 07:00

RNS Number : 6167L
Hyundai Motor Company
06 September 2012
 



 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

 

 

Disclosure date : September 4, 2012

Disclosure title : Resumption of Operation

 

 

 

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

 

2. Sales revenue of work stoppage plants:

a) Sales revenue impact of operation resumption: KRW 42,774,077,000,000

b) Total sales revenue of the company: KRW 42,774,077,000,000

c) Sales revenue portion of work stoppage plants(c=a/b): 100.0%

d) Applicability as a large-scale corporation: Yes

 

3. Contents of operation resumption: Automobile Manufacturing, Service and Sales

4. Reason of operation resumption: The end of partial strike

 

5. Date of operation resumption: September 4, 2012

 

6. Decision date of resumption: September 4, 2012

 

7. Others :

 

- Sales revenue of work stoppage plants in #2 is total revenue of HMC only (not consolidated) for 2011

 

- The above date of operation resumption in #5 and decision date of resumption in #6 are the final conclusion date of wage negotiation.

 

- Period and Effects of Shutdown :

i) July ~ August 2012 / Total 92 hrs.

ii) Vehicle production loss (approximately 32,646 units)

* The 'Vehicle production loss' above is based on assumption compared to the production plan and is not including production loss from overtime and extra work.

 

- Related disclosure : July 13, 2012 (Work stoppage)

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

Related Shares:

Hyundai Mtr.gdr
FTSE 100 Latest
Value10,402.44
Change-69.67