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.
