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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] SEOUL, June 5 — Labor tensions are intensifying at Hyundai Mobis as unions push back against ongoing restructuring efforts, despite a tentative agreement over the sale of a subsidiary business unit.
Around 380 union members staged a rally outside the company’s headquarters, calling for the withdrawal of planned divestments of manufacturing units. The protest follows a provisional agreement on the sale of the lamp division of its subsidiary Hyundai IHL.
Unions remain concerned about potential further asset sales, including bumper and airbag businesses, as the company shifts its focus toward future mobility, robotics and software. Employees have also opposed possible transfers to foreign firms such as OPmobility, citing job security concerns.
Labor groups have escalated the issue internationally, filing a complaint with French authorities to review whether the sale process complies with ESG guidelines.
Hyundai Mobis said no additional restructuring plans have been finalized, while labor representatives vowed to continue their opposition as negotiations over wages and job security continue.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
https://www.alphabiz.co.kr/news/view/1065607548148713
This article is based on global economic content from Alphabiz, which distributes English-language news on Korean markets and companies to international audiences.
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