Work Stoppage

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.

ENDMSCEANXAEFKPEEE