Work stoppage

21 Apr 2006 07:57

Hyundai Motor Company21 April 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : April 21, 2006 Disclosure title : Work Stoppage 1. Location Where Operation was Shut Down: - All Hyundai Motor Manufacturing Plants in Korea 2. Sales revenue of work stoppage plants: a) Sales revenue of work stoppage plants (FY 2005): KRW 27,383,737,000,000 b) Total sales revenue of the company (FY 2005): KRW 27,383,737,000,000 c) Sales revenue portion of work stoppage plants(c=a/b):100% d) Applicability as a large-scale corporation : Yes 3. Contents of shutdown : Automobile Manufacturing, Service and sales 4. Reason of shutdown : Participation in a partial strike inaccordance with the decision made by the Korean Confederation of Trade Unions(KCTU) 5. Counter measure : Expect to start our operations from April 24, 2006 08:00 AM 6. Effects of Shutdown: - Vehicle production loss (approximately 1,500 units) 7. Date (and period) of Shutdown: - day time : April 21, 2006 1:00 pm (4rs.) 8. Expected Date of Operation Resumption: April 24, 2006 9. Decision Date of Shutdown : April 21, 2006 10. Others : - The "Effects of Shutdown" in #7 above is based on assumption compared to the production plan. - The above contents may be subject to change depending on the decisions made by the Korean Confederation of Trade Unions(KCTU) This information is provided by RNS The company news service from the London Stock Exchange