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Hyundai rejects LG contract demands

Seven year contracts for workers ruled out

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The Korean press is reporting that Hyundai has dug its heels in, and refuses to accept LG demands on employee rights. Hyundai is taking over LG's semiconductor business. According to the Korean Herald, Hyundai has rejected LG demands that it re-employ workers and give them seven year contracts to protect their jobs. A statement from Hyundai said that these contracts would not be good for its own employees. LG also wants more money from Hyundai for its semiconductor business than it is willing to pay. Towards the end of last week, rumours were circulating that LG Semicon workers were threatening strike action. ®

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