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.
