Carmaker Hyundai warns of serious supply disruption

[Viva_La_Revolution]

Source: BBC

Hyundai, South Korea's top carmaker, has warned of a severe production disruption, because of a shortage of engine parts.

A strike at parts supplier Yoosung Enterprise has affected production, and it could get worse on Tuesday.

"Our production may be seriously affected starting today," a Hyundai spokeswoman told BBC News.

Yoosung manufactures piston rings, which are key components in car engines.

Read more: http://www.bbc.co.uk/news/business-13514773?utm_source=twitterfeed&utm_medium=twitter

[bluesbassman]

1. Well, if they use the gasoline model I guess a new Hyundai will soon cost $60,000.

Wonder how many they'll sell?

[Mopar151]

2. Korean companies are overdue for labor "trouble"

Standard 55-60 hour, 6-day work weeks, low wages, unfriendly labor laws......

[davidpdx]

3. That's just the way the Korean culture is

You also have to remember, the country was in complete ruins about 57 years ago and was lead by a dictator until the 80's. Even in office jobs, people work those kinds of hours. It's not just manufacturing.

It does suck that it will affect the car industry though. Japan is having big problems of their own.

[krispos42]

4. I guess they'd better offer some concessions to the workers, then n/t