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Inverstors News

Work Stoppage

2006.11.29 No. 468
1. Location Where Operation was Shut Down:
- All Hyundai Motor Manufacturing Plants in Korea
2. Sales revenue of work stoppage plants:
a) Sales revenue of work stoppage plants (FY 2005):
KRW 27,383,737,000,000
b) Total sales revenue of the company (FY 2005):
KRW 27,383,737,000,000
c) Sales revenue portion of work stoppage plants(c=a/b):100%
d) Applicability as a large-scale corporation : Yes
3. Contents of shutdown : Automobile Manufacturing,
Service and sales
4. Reason of shutdown : Participation in a partial strike in
accordance with the decision made by the Korean Confederation of Trade Unions(KCTU)
5. Effects of Shutdown: Vehicle production loss
6. Date (and period) of Shutdown: November 29, 2006 from 13:00
7. Decision Date of Shutdown: November 29, 2006
8. Others :
- The ‘Effects of Shutdown’ in #7 above is based on assumption compared to the production plan.
- The night time shift is expected to be a regular operation.
- The above contents may be subject to change depending on the decisions made by the Korean Confederation of Trade Unions(KCTU)
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