Go to Contents Go to Navigation

GM Korea's Nov. sales almost halved on strikes

All News 15:06 December 01, 2020

SEOUL, Dec. 1 (Yonhap) -- GM Korea Co. said Tuesday its sales dropped 45.6 percent last month from a year earlier, as unionized workers' strikes led to production losses.

The South Korean unit of General Motors Co. sold 21,384 vehicles in November, down from 39,317 the previous year, the company said in a statement.

Domestic sales fell 10.5 percent on-year to 6,556 units last month, and exports plunged 53.7 percent to 14,828 units over the cited period, it said.

From January to November, its sales shed 15 percent on-year to 321,736 autos.

Domestic sales gained 8.9 percent to 73,695 in the first 11 months from a year earlier on the back of robust sales of Chevrolet Spark minicars.

In contrast, exports were down 20.2 percent to 248,041 during the cited period as auto sales remained sluggish amid COVID-19.

GM Korea workers staged several rounds of walkouts in November, demanding an end to a wage freeze and new vehicle production at its No. 2 Bupyeong plant in Incheon, just west of Seoul, reaching a tentative agreement with the company management on Nov. 25.

Partial strikes have cost GM Korea about 25,000 vehicles in lost production, the company said. The company already suffered production losses of 60,000 vehicles in the first half due to the impact of the pandemic.

The Detroit carmaker has three Korean plants -- two in Bupyeong and one in Changwon -- whose combined output capacity reaches 630,000 units a year.

A pedestrian passes by GM Korea's factory in Incheon, west of Seoul, on Feb. 27, 2020. (Yonhap)


Send Feedback
How can we improve?
Thanks for your feedback!