Work Stoppage

17 Nov 2006 07:00

Hyundai Motor Company17 November 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : November 15, 2006Disclosure 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 27,383,737,000,000b) Total sales revenue of the company (FY 2005): KRW 27,383,737,000,000c) 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 warning partial strike in accordance with the decision made by the Korean Confederation of Trade Unions (KCTU) 5. Counter measure : Expect to start our operations from November 16, 2006 08:00 AM 6. Effects of Shutdown:- Vehicle production loss (approximately 1,500 units) 7. Date (and period) of Shutdown:- day time : November 15, 2006 from 13:00 pm to 17:00 pm (4rs.) 8. Expected Date of Operation Resumption: November 16, 2006 9. Decision Date of Shutdown: November 15, 2006 10. Others : - The "Effects of Shutdown" in #7 above is based on assumption compared to the production plan. - The night time shift is expected to be a regular operation. - 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