Hyundai freezes wages and cuts production
Denns Albi
December 23 2008
1 min.
The recession and low sales are being felt worldwide, which is why manufacturers are using all their resources to reduce losses. Hyundai and its subsidiary Kia Motors announced that from today the salaries of their administrative workers will be frozen and production at their plants will be reduced, due to the […]
La recession and low sales are felt worldwide for that reason manufacturers are using all their repertoire to reduce losses.
Hyundai and its subsidiary Kia Motors announced that from today The salaries of its administrative workers will be frozen and production at its plants will be reduced., which will reduce operations by an average of four hours a day until December ends.
The two companies expect to sell around 4.2 million units this year, approximately 600.000 fewer cars than planned.
Via | Carscoop
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