April 25, 2024
Automobiles
Kia to halt overtime work at Korea plants
[THE INVESTOR] Kia Motors said on Sept. 21 it will suspend overtime work at its domestic plants starting next week due to lower demand from its major markets.
Kia workers at the carmaker’s three local plants, located at Gwangju in Jeolla Province, and Sohari and Hwaseong in Gyeonggi Province, do not have to work 30 minutes of overtime per day as the company deals with declining sales, particularly from China, and increased inventories, the carmaker said in a statement.
This month, they haven‘t worked on weekends due to the same reason, it said.
In the January-August period, Kia sold 172,674 vehicles in China, down 53 percent from 368,686 units a year earlier. In the United States, sales fell 8.4 percent to 405,462 from 442,544 during the same period.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Kia workers at the carmaker’s three local plants, located at Gwangju in Jeolla Province, and Sohari and Hwaseong in Gyeonggi Province, do not have to work 30 minutes of overtime per day as the company deals with declining sales, particularly from China, and increased inventories, the carmaker said in a statement.
This month, they haven‘t worked on weekends due to the same reason, it said.
In the January-August period, Kia sold 172,674 vehicles in China, down 53 percent from 368,686 units a year earlier. In the United States, sales fell 8.4 percent to 405,462 from 442,544 during the same period.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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