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Old 11-28-2006, 10:47 AM   #1
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Default Hyundai Motor Union Says to Stop Work on Wednesday

Hyundai Motor Union Says to Stop Work on Wednesday


SEOUL (Reuters) - Unionised workers at Hyundai Motor Co. said on Tuesday they plan to go on a partial strike on Wednesday in line with rallies demanding new labor laws and an end to free trade agreement (FTA) talks with the United States.

Hyundai's unionised employees are scheduled to stop work from 1 p.m. (0400 GMT) for four hours, a union official said.

The union at South Korea's top auto maker has staged such a strike three times this month, costing Hyundai 61.7 billion won ($66.32 million), or 4,375 vehicles in lost output, a Hyundai official said.

But labor stoppages of this kind are often recouped by later shifts.

Anti-FTA activists such as farmers and unionised workers plan to stage rallies on Wednesday in a bid to end talks on a FTA agreement between South Korea and the U.S.

South Korea hosted a fourth round of talks on the trade deal in late October. That event was marred by violent protests by farm activists, fishermen and unionists.

The United States said at the end of those talks that South Korea's latest offer to open its heavily protected agricultural market did not go far enough.

Differences still exist between both sides on opening up trade in farm goods, automobiles, textiles and pharmaceuticals.

Negotiations will resume in December in the United States and are expected to stretch into next year.

Shares in Hyundai ended 0.43 percent up at 69,700 won, outperforming a 0.96 percent fall in the broader market <.KS11>.

($1=930.3 Won)
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Old 11-28-2006, 10:56 AM   #2
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Join Date: Jan 2002

Good for them - too bad the unions in this country aren't strong enough to be able to stop idiotic (and absolutely disasterous) discussions like giving China free-trade agreements with the US.
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