(LEAD) Renault Samsung halts plant operations amid pandemic
(ATTN: UPDATES sales figures in 8th para)
SEOUL, Nov. 2 (Yonhap) -- Renault Samsung Motors Corp. said Monday it will suspend the operation of its sole plant in South Korea for two days to control its inventory amid the COVID-19 pandemic.
Renault Samsung will halt the operation of the Busan plant, about 450 kilometers southeast of Seoul, on Monday and Tuesday to manage inventory and production amid weak sales, the company said in a statement.
The company said it plans to have its employees work during daytime from Nov. 10-30.
The South Korean unit of Renault S.A. already suspended the plant from Sept. 25 through Oct. 18 due to the same reasons.
The company said more upgrade and maintenance work will be conducted on the plant's production facility ahead of the manufacturing of the XM3 SUV.
Renault Samsung plans to start exporting the XM3 SUV to Europe next year. The XM3 comes with either a gasoline hybrid engine or a 1.3-liter gasoline direct-injection turbo engine.
The company expects the planned exports of the XM3 SUV to improve its lackluster sales amid the coronavirus outbreak.
From January to October, its sales plunged 32 percent to 99,077 autos from 144,736 in the same period of last year due to lack of new models and reduced production.
The company's current passenger car lineup includes the all-electric SM3 Z.E. sedan, the SM6 sedan, the XM3 SUV and the QM6 SUV.
Meanwhile, the company and its labor union have yet to sign a wage and collective agreement deal for 2020.
Renault holds an 81 percent stake in Renault Samsung.
kyongae.choi@yna.co.kr
(END)
-
(Yonhap Interview) Samsung has substantial upside potential on sound fundamentals: chief analyst
-
BTS vows full support for Busan's World Expo bid
-
(6th LD) S. Korea successfully launches homegrown space rocket in second attempt
-
VIVIZ to drop 2nd EP next month
-
BTS' Jungkook drops collaborative single with U.S. singer-songwriter
-
(Yonhap Interview) Samsung has substantial upside potential on sound fundamentals: chief analyst
-
S. Korea prepares to launch homegrown space rocket after failed attempt last year
-
(LEAD) On Korean War anniversary, S. Korea vows stern response to N. Korean provocations
-
(2nd LD) Yoon suggests disclosing more information on fisheries official's death
-
(6th LD) S. Korea successfully launches homegrown space rocket in second attempt
-
Seoul records highest-ever morning low for June
-
(LEAD) On Korean War anniversary, S. Korea vows stern response to N. Korean provocations
-
(LEAD) New infections below 7,000 for 2nd day as omicron slows
-
(LEAD) N. Korea's new suspected COVID-19 cases under 10,000 for 2nd day: state media
-
BTS' J-Hope to release 1st solo album next month