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!

Work Stoppage

6th Dec 2016 07:00

RNS Number : 0254R
Hyundai Motor Company
05 December 2016
 

 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

 

 

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 44,439,694,000,000

b) Total sales revenue of the company: KRW 91,958,736,000,000

c) Sales revenue portion of work stoppage impacted(c=a/b): 48.33%

d) Applicability as a large-scale corporation: Yes

 

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

 

4. Reason of work stoppage: Partial stoppage related with metal union's decision

 

5. Countermeasures of work stoppage: -

 

6. Effects of work stoppage: Disruption of production

 

7. Date (and period) of Work Stoppage:

4 hours from November 30, 2016 (1st Shift and 2nd Shift, 2hours each)

 

8. Expected date of operation resumption: -

 

9. Decision Date of Work Stoppage: November 30, 2016

10. Others:

- The Sales revenue of work stoppage impacted in #2 is based on 2015 Total sales revenue (HMC Only) / Total sales revenue of the company is based on 2015 consolidated revenue.

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

- 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
 
 
MSCEAAASESAKFAF

Related Shares:

Hyundai Mtr.gdr
FTSE 100 Latest
Value10,333.98
Change-35.77