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Work Stoppage

13th Jul 2012 09:59

RNS Number : 6195H
Hyundai Motor Company
13 July 2012
 



 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

 

 

Disclosure date : July 13, 2012

Disclosure title : Work Stoppage

 

1. Location of Work Stoppage:- All places of business including Ulsan Manufacturing Plants in Korea

 

2. Sales revenue of work stoppage business: a) Sales revenue of work stoppage impacted: 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 impacted(c=a/b):100%

d) Applicability as a large-scale corporation: Yes

 

3. Areas of work stoppage: Manufacturing, maintenance and sales of cars

 

4. Reason of work stoppage: Direction from Korean Metal Workers¡¯ Union

 

5. Countermeasures of work stoppage: -

 

6. Effects of work stoppage: Disruption of production

 

7. Date (and period) of Work Stoppage:

4 hours From July 13, 2012 13:00

4 hours from July 14, 2012 02:00

 

8. Expected date of operation resumption : -

 

9. Decision Date of Work Stoppage: July 13, 2012

10. Others :

- The Sales revenue of work stoppage impacted in #2 is based on 2011 Total sales revenue (HMC Only).

- The date and period of work stoppage in #7 is only for determined schedule.

- The decision date of work stoppage in #9 is based on the date of work stoppage

- It is unclear when production will be resumed at this point. The actual length and loss from the stoppage will be

disclosed as production is resumed.

- 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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