GM union considers strike over R&D spin-offUnionized workers at GM Korea will cast a vote next week on a possible strike to protest against the company’s plan to establish a separate R&D corporation, the union said Thursday.
GM Korea plans to hold a shareholders’ meeting on Oct. 19 to push forward the plan to integrate design and engineering divisions into a separate R&D-focused entity. Its board of directors gave the go-ahead to the plan last week.
The union views the move as an initial step toward maintaining the new corporation as one of the U.S. carmaker’s R&D bases while selling or shutting down its production facilities in Korea in the long term.
GM Korea workers plan to hold the vote from Monday to Tuesday.
The state-run Korea Development Bank, the second-biggest shareholder in GM Korea after GM, has recently filed an injunction against the shareholders’ meeting with a local court.
But GM Korea said it will push ahead to seek approval at a shareholders meeting next week.