GM Korea President Urges Workers to Keep Promises

GM Korea president and CEO Kaher Kazem urged unionized GM Korea workers to stop their partial strike and observe their collective agreement with the management.

“Last year’s collective agreement led to a large investment from the GM headquarters and Korea Development Bank and the management is keeping its promises,” he said on Aug. 26, adding, “I hope the workers will join our efforts for sustainable growth.”

Last year, the management and the workers reached a consensus that future wage adjustment would depend on recovery of the company’s profitability and bonuses would be determined based on the recovery as well. The workers staged the strike on Aug. 20, 21 and 23 and the strike is scheduled to continue this week.

In the meantime, GM Korea launched the Colorado pickup truck and initiated pre-order in the South Korean market on Aug. 26. The vehicle comes with a 3.6-liter six-cylinder gasoline direct injection engine with a maximum output of 312 horsepower and a maximum torque of 38 kg.m, an eight-speed Hydramatic automatic transmission, and a maximum towing capacity of 3.2 tons.

In the South Korean market, the vehicle comes in three trims, that is, Extreme, Extreme 4WD and Extreme X. The price ranges from 38.55 million won to 42.65 million won.