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Laid-off Ssangyong Motors Employees to be Rehired Once Company Turns a Profit
Profit before Employment
Laid-off Ssangyong Motors Employees to be Rehired Once Company Turns a Profit
  • By Jack H. Park
  • January 14, 2015, 07:33
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Mahindra & Mahindra Group Chairman Anand Mahindra (2nd from left) and Ssangyong Motors CEO Lee Yoo-il (2nd from right) present the Tivoli SUV at a launch ceremony held on Jan. 13 at the Dongdaemun Design Plaza in Seoul.
Mahindra & Mahindra Group Chairman Anand Mahindra (2nd from left) and Ssangyong Motors CEO Lee Yoo-il (2nd from right) present the Tivoli SUV at a launch ceremony held on Jan. 13 at the Dongdaemun Design Plaza in Seoul.

 

Mahindra & Mahindra Group Chairman Anand Mahindra said on Jan. 13 that the reinstatement of laid-off Ssangyong Motors employees will be possible after the automaker turns a profit.

“I am really sorry about those who lost their jobs and to their families, but what matters the most now is the survival of Ssangyong Motors,” he said at the Tivoli launching ceremony at Dongdaemun Design Plaza.

He added, “I would like to share the wealth and profits the company creates with all of our employees to the maximum extent possible, but profits have to be created if we are to be able to do so, and I believe that a hurried rehiring of the employees at this point of time could compromise the jobs of others.” He continued, “Once the company turns a surplus, we will employ more workers, and those who were dismissed will be given the top priority.”

The chairman also mentioned that his group would provide full support for Ssangyong Motors in entering the U.S. market. “We are now trying to make inroads into the U.S. car market, and I think Ssangyong Motors should be the company to be at the vanguard of the quest,” he remarked.