Last checked at 2 Jul 2008 10:25
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure date : July 2, 2008
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 (FY 2007):
KRW 30,619,671,000,000
b) Total sales revenue of the company (FY 2007):
KRW 30,619,671,000,000
c) Sales revenue portion of work stoppage impacted(c=a/b):100%
d) Applicability as a large-scale corporation : Yes
3. Contents of work stoppage :
Automobile Manufacturing, repair or maintenance and sales services
4. Reason of work stoppage: Participation in accordance with the decision made by the Korean Metal Workers Union (KMWU) and etc.
5. Effects of work stoppage: Vehicle production loss
6. Date (and period) of Work Stoppage:
- Daytime : July 2, 2008 from 03:00 pm (2 hrs.)
- Nighttime : July 3, 2008 from 02:00 am (2 hrs.)
7. Decision Date of Work Stoppage: July 2, 2008
8. Others :
- The "Decision date of work stoppage" in #7 above is based on the date of work stoppage due to a strike.
- The date and period of work stoppage in #6 is based only on the determined date by now.
- Currently it is uncertain to forecast the date of normal operation resumption. When our production operation is resumed, the company will disclose it with the impact amount by a strike later on.
- The above contents may be subject to change depending on the Hyundai Motor Company's internal situation.