Daewoo Shipbuilding & Marine Engineering (DSME) is calling for the revision of the workforce reduction plan the company presented to its creditors.DSME president Chung Sung-rip said on Nov. 15, “The company’s performance has improved since we laid out our restructuring plan. We need to flexibly revi
GM Korea, which was bailed out by its parent company and the Korea Development Bank (KDB), has hit a snag in the early stage of its normalization. GM Korea planned to hold a press conference on May 14 to explain the normalization plan to reporters at its Bupyeong plant, with Barry Angle, president o
GM Korea’s labor and management have tentatively agreed on a restructuring plan on April 23, clearing a key hurdle on the path to the troubled company’s normalization.The two sides managed to narrow their differences on how to treat the 680 employees left after the recent voluntary retirement at the