Work Stoppage

27 Jun 2006 09:45

Hyundai Motor Company27 June 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : June 26, 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 : Work stoppage from the breakoff of talks atthe year 2006 wage negotiations between management and labor. 5. Counter measure : Expect to announce once operations are resumed 6. Effects of Shutdown: - Vehicle production loss (approximately 4,400 units) 7. Date (and period) of Shutdown: - each plant : June 26, 2006 June 29, 2006 (6 hrs.) -Ulsan & Asan Plant : nightshift June 26, 2006 June 29, 2006 (6 hrs.) 8. Expected Date of Operation Resumption: June 26, 2006 9. Decision Date of Shutdown : June 26, 2006 10. Others : - The "Effects of Shutdown" in #6 above is based on assumption compared to the production plan. - The above contents may be subject to change depending on the outcome of the future negotiations between management and labor. This information is provided by RNS The company news service from the London Stock Exchange