Ssangyong Motor Company’s employees who encountered legal management applications
“Fixed and anxious, complicated but unfair”
Reinstated by Han Sang-gyun, “Mahindra’s Mook-Twi”
Employees said, “You have to live and see rather than struggle… ”
Ssangyong Motor’s Pyeongtaek plant on the 22nd, the day after the news of Ssangyong Motor’s corporate rehabilitation procedure (legal management) application was announced. A worker who smoked at the commuter bus ride said, “I felt like walking on a thin ice sheet for several years, but it was uncomfortable to hear the news of the court administration application.” The employees I met on the way home from work were full of worries about the uncertain future of the company. Another worker said, “Some say that there may be no pay in the future. A lot of colleagues I worked with a few years ago left the company, and I would like to have left at that time.”
A Ssangyong Motors salesperson said, “The image of the lockdown strike against layoffs 11 years ago is so large that customers’ distrust does not disappear easily.”
Contrary to voices concerned about the company’s opaque future, Han Sang-gyun, a former chairman of the National Federation of Democratic Trade Unions, who led the 2009 lock-down strike The cooperative labor-management relations that everyone has been proud of was nothing but a subordinate of Mahindra’s (largest shareholder).” The union has been criticized for being a force that has been a subordinate to the management, which has continued to maintain an amicable partnership with the management over the wounds of the prison strike. Mr. Han has been working at the Pyeongtaek factory in May as a measure to restore all of Ssangyong Motor’s dismissals. He said, “The Korea Metals Union and Ssangyong Motors are holding a discussion on alternative solutions to come up with solutions. “Because the democratic union is the hope,” he said, leaving a hint that the Federation of Trade Unions could come to the fore.
View larger-However, employees were critical of Han’s allusion to the struggle. An employee who worked at Ssangyong Motors for 25 years said, “I hear the news of the court administration, and I remember the strike 11 years ago,” and “I am anxious that the same thing will happen again.” Another worker said, “Once the company has to live and see. When the struggle or anything gets loud, both investors and public opinion turn around.” The automobile industry sees that Ssangyong Motor’s self-regeneration is virtually impossible. You can avoid court management if you find new investors or extend the maturity of loans in the financial sector for three months when various debts are frozen. However, since the launch of Tivoli in 2015, Ssangyong Motor, which has not released such a new car, is bound to lose its investment appeal. An official from an automaker showed skepticism, saying, “Ssangyong Motors will introduce electric vehicles soon, but I don’t know if it’s feasible because I don’t have enough investment.” The sale of shares promoted by major shareholder Mahindra is also sluggish. The US auto start-up HAAH, which is known to be negotiating with Mahindra, is seeing Ssangyong’s market value too low, and the negotiations are not progressing. The global auto market frozen in the aftermath of the novel coronavirus infection (Corona 19) is also the reason Ssangyong’s buyers are not willing to come forward.
The industry believes that Ssangyong could be liquidated if it fails to show a vision for the future, including intensive improvement of constitution and new cars. Lee Ho-geun, a professor at Daedeok University, said, “Ssangyong Motors should offer a popular car model that sells 40,000 to 50,000 units a year like Tivoli.
Pyeongtaek=Byeon Jong-guk [email protected]Go to reporter page> / Reporter Seo Hyeong-seok
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