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Work Resumption

16 Jan 2018 08:55

RNS Number : 9914B
Hyundai Motor Company
16 January 2018
 

 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

 

 

Disclosure title : Resumption of Operation

 

 

 

1. Location Where Operation was Resumed : All Hyundai Motor Manufacturing Plants in Korea

 

2. Sales revenue of work stoppage business: a) Sales revenue of work stoppage impacted: KRW 41,713,632,000,000

b) Total sales revenue of the company: KRW 93,649,024,000,000

c) Sales revenue portion of work stoppage impacted(c=a/b): 44.54%

d) Applicability as a large-scale corporation: Yes

 

3. Areas of work stoppage: Manufacturing, maintenance and sales of cars

 

4. Reason of resumption: End of work stoppage related with collective bargaining

 

5. Effects of work stoppage:

 

6. Date (and period) of resumption:

January 16, 2018

7. Decision date of work stoppage: January 16, 2018

8. Others:

- The Sales revenue of work stoppage impacted in #2 is based on 2016 Total sales revenue (HMC Only) / Total sales revenue of the company is based on 2016 consolidated revenue.

- Date of resumption in #6 and decision date of work stoppage in #7 are based on a settlement date of collective bargaining.

- Period and effects of work stoppage:

a) Period of work stoppage: August 2017 ~ January 2018, 172 hours

b) Effects of work stoppage: Total 70,484 units (excluding overtime work)

This information is provided by RNS
The company news service from the London Stock Exchange
 
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