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Work Stoppage

12th Sep 2017 07:00

RNS Number : 4366Q
Hyundai Motor Company
12 September 2017
 

 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

 

 

Disclosure title : Work Stoppage

 

1. Location of Work Stoppage:- Hyundai Motor Manufacturing Alabama (HMC's Subsidiary)

 

2. Sales revenue of work stoppage business: a) Sales revenue of work stoppage impacted: KRW 8,217,390,000,000

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

c) Sales revenue portion of work stoppage impacted(c=a/b): 8.77%

d) Applicability as a large-scale corporation: Yes

 

3. Areas of work stoppage: Manufacturing of cars

 

4. Reason of work stoppage: Prevention any damages from natural disasters

 

5. Countermeasures of work stoppage: Resumption of the operation after the work stoppage period

 

6. Effects of work stoppage: Disruption of production

 

7. Date (and period) of Work Stoppage:

From 2nd Shift September 11 to 1st Shift September 13, 2017 (2 days)

 

8. Expected date of operation resumption: September 13, 2017

 

9. Decision Date of Work Stoppage: September 11, 2017 

10. Others:

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

- The date and period of work stoppage in #7 is only for determined schedule. (1st Shift : 06:45~14:45, 2nd Shift : 14:25~22:45, 3rd Shift : 22:45~06:45)

- The decision date of work stoppage in #9 is a start date of work stoppage, and #8 and #9 are local times.

- The above contents may be subject to change depending on the Hyundai Motor Company's internal situation.

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