Related News
Ssangyong Motor Co Car maker halts production
SSANGYONG Motor Co, the South Korean auto maker seeking bankruptcy protection, and its labor union have agreed to halt production temporarily, a company spokesman said yesterday.
The company will close the factories for four days from tomorrow to February 1, Chung Mu-young said in Seoul yesterday. Lee Chang Kun, a labor union spokesman, also confirmed the deal.
Ssangyong, 51 percent owned by China's SAIC Motor Corp, filed for court receivership on January 9 because of a "serious liquidity crisis." It had posted four straight quarterly losses as the slowdown reduced demand for its sport utility vehicles.
The Seoul Central District Court has frozen Ssangyong's debt obligations, asset sales and wages and other payments while it considers the car maker's application for bankruptcy protection. The court has indicated it will make a ruling by February 9.
The company will close the factories for four days from tomorrow to February 1, Chung Mu-young said in Seoul yesterday. Lee Chang Kun, a labor union spokesman, also confirmed the deal.
Ssangyong, 51 percent owned by China's SAIC Motor Corp, filed for court receivership on January 9 because of a "serious liquidity crisis." It had posted four straight quarterly losses as the slowdown reduced demand for its sport utility vehicles.
The Seoul Central District Court has frozen Ssangyong's debt obligations, asset sales and wages and other payments while it considers the car maker's application for bankruptcy protection. The court has indicated it will make a ruling by February 9.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.