Financially troubled SsangYong Motor has offered unpaid leave and a wage cut to its employees in its efforts to stay afloat, industry sources said Wednesday.
The government on Monday announced a 300-billion-won ($248 million) loan guarantee program for small- and medium-sized companies in the automotive industry with low credit ratings. Hyundai Motor will chip in 10 billion won.
Korea JoongAng Daily Sitemap
