Last checked at 26 Sep 2008 07:57
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure date : September 26, 2008
Disclosure title : Resumption of Operation
1. Location Where Operation was Resumed : - All Hyundai Motor Manufacturing Plants in Korea
2. Sales revenue of work stoppage plants:a) Sales revenue impact of operation resumption(FY2007):
KRW 30,619,671,000,000
b) Total sales revenue of the company(FY2007):
KRW 30,619,671,000,000
c) Sales revenue portion of work stoppage plants(c=a/b):100.0%
d) Applicability as a large-scale corporation : Yes
3. Contents of operation resumption : Automobile Manufacturing,
Service and sales
4. Reason of operation resumption : The end of partial strike
5. Date of operation resumption : September 26, 2008
6. Decision date of resumption : September 26, 2008
7. Others :
- The above date of operation resumption in #5 and decision date of resumption in #6 are the final conclusion date of wage negotiation.
- Period and Effects of Shutdown :
i) July ~ September 2008 / Total 90 hrs.
ii) Vehicle production loss (approximately 32,700 units)
* The 'Vehicle production loss' above is based on assumption compared to the production plan and is not including production loss from overtime and extra work.
- Related disclosure : July 2, 2008 (Work stoppage)