24th Dec 2008 09:33
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure date : December 24, 2008
Disclosure title : Work Stoppage
1. Location of Work Stoppage: - Asan Plant in Korea
2. Sales revenue of work stoppage business: a) Sales revenue of work stoppage impacted (FY 2007):
KRW 5,237,592,000,000
b) Total sales revenue of the company (FY 2007):
KRW 30,619,671,000,000
c) Sales revenue portion of work stoppage impacted(c=a/b):17.11%
d) Applicability as a large-scale corporation : Yes
3. Contents of work stoppage : Automobile Manufacturing
4. Reason of work stoppage: Execute flexible production and supply in line with demand decrease
5. Effects of work stoppage: Maintain proper level of inventory
6. Date (and period) of Work Stoppage: December 26, 30, 31, 2008
7. Planned Date of Work Resumption: January 5, 2009
8. Decision Date of Work Stoppage: December 24, 2008
9. Others :
- The sales revenue of work stoppage impacted in #2-a is based on the total complete built-up vehicle sales revenue of Asan plant in 2007. And the total sales revenue of the company in #2-b is based on the total revenue of the company in 2007.
- The date and period of work stoppage in #6 is based only on the determined item by now. (The Date of December 29, 2008 and January 2, 2009 are official holidays by the company)
- The decision date of work stoppage in #8 is the internal decision date.
- The above contents may be subject to change depending on the Hyundai Motor Company's internal situation.
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