Kia Motors considers halting three South Korean plants as virus hits exports

Kia Motors considers halting three South Korean plants as virus hits exports
  • Clock-gray 09:21
  • calendar-gray 13 April 2020

Kia Motors Corp (000270.KS) told its labour union in South Korea that it wants to suspend operations at three of its domestic factories as the coronavirus outbreak weighs on exports to Europe and the United States, a union official said on Monday, APA reports citing Reuters.

The union has not yet decided whether to accept the plan - under which operations would be suspended from April 23-29 - because negotiations over pay are ongoing, the official said.

“Kia Motors is currently reviewing the suspension of some of its plants in Korea in response to declining global demand due to COVID-19. However, a decision has not been made at this time,” Kia Motors said in a statement.

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