Hyundai CEO Regrets Strike Over Rehiring, Retirement Age Demands

Hyundai Motor CEO Kim Hyung-geun has voiced regret over the ongoing strike by the company's unionized workers, who are demanding the rehiring of dismissed employees and an extension of the retirement age. The strike, which began on June 13, has disrupted production at the company's domestic plants.

Kim stated that the company cannot accept the union's demands, citing the current economic challenges and the need for flexibility. He emphasized that while the company respects the union's rights, the demands are unrealistic given the global economic downturn and the automotive industry's evolving landscape. The CEO highlighted that Hyundai Motor is committed to finding a resolution through dialogue but stressed that the current demands are not feasible.

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We express regret over the union's decision to go on strike despite the difficult economic situation.

The union, however, insists on its demands, arguing that the rehiring of dismissed workers is a matter of fairness and that extending the retirement age is necessary to ensure job security for older employees. They have accused the company of neglecting worker welfare and prioritizing profits over people. The strike has already led to significant production losses, raising concerns about the company's ability to meet its delivery targets and maintain its market position.

This labor dispute comes at a critical time for Hyundai Motor, which is navigating a challenging global market and investing heavily in future technologies like electric vehicles. The prolonged strike could have a substantial impact on the company's financial performance and its reputation among consumers and investors.

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We cannot accept the union's demands for rehiring dismissed workers and extending the retirement age.