Ssangyong Motor workers stage partial strike against massive layoffs

SEOUL, May 7 (Yonhap) -- Unionized workers at Ssangyong Motor Co., which has been
under bankruptcy protection since February, staged a partial strike on Thursday
to protest against the company's radical job-cut plan.
Production at Ssangyong's only plant in Pyeongtaek, about 70 kilometers south of
Seoul, was halted for two hours, the company said in a regulatory filing.
On Wednesday, a local bankruptcy court said it would push through a turnaround
plan for the trouble carmaker, saying the value of rescuing Ssangyong exceeded
that of liquidation.
But the court warned that it could still liquidate Ssangyong if the company fails
to slash 2,646 workers, or 36 percent of total workforce, as it earlier
announced.
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