Kumho Tires Wants to Put Mass Layoff Plans into Practice

Kumho Tire Co., Ltd. agreed that the "2010 Interim Agreement on Wages Group Negotiations" was rejected by the labor union on April 9. After that, the employer notified the dismissal target of the layoff plan on the same day. Based on this, the company has notified the 191 dismissal targets of layoffs.

Kumho Tire said that both employers and employees had previously negotiated to reduce wages, but retained the reorganization plan and reached an agreement. However, because the agreement was rejected by the union, the company made a decision to lay off employees.

Of the 3,460 trade union members participating in the Kumho tires, 1,514 voted in favor (43.76%) against the wages case, and 1,946 voted against (56.24%). For the collective bargaining case, 1,485 people voted in favor (42.92%), while 1975 people voted against (57.08%). As a result, both of the above options were rejected.

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