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Kumho Tire expected to be sold overseas

금호타이어 해외매각 불가피 분위기노조 최종 선택은

Kumho Tire expected to be sold overseas

 

It seems the decision on selling the country’s second largest tiremaker to a foreign firm is up to its labor union.

 

The Party for Democracy and Peace on the 13th, Tuesday held a hearing on issues regarding GM Korea’s manufacture line in Gunsan, Jeollabukdo and Kumho Tire Co. at the National Assembly.

 

During the meeting, Moon Seung Wook, director of the industry ministry said that to keep jobs at the tiremaker, selling the company to overseas party is necessary highlighting there is no domestic firm stepping in.

 

Kim Jong Ho, head of the company on the 12th, Monday, climbed up to the top of a transmission tower in front of its Gwangju factory, at which two senior union members are protesting against the tiremaker’s acquisition plan.

 

Kim urged the union members to come out for talks to prepare for practical countermeasures as the company is not able to normalize without outside capital injection.

 

However, the union is still standing against the merger plan and pledged to go on a full strike on the 14th, Wednesday.

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