SsangYong's heavy restructuring wooing potential investors

SsangYong's heavy restructuring wooing potential investors
Posted : 2021-06-27 16:07
Updated : 2021-06-27 21:22
Seen above is the front gate of SsangYong Motor's manufacturing facility in Pyeongtaek, Gyeonggi Province, June 8. Yonhap
Best-case scenario for SsangYong is to sign contract with HAAH
By Lee Min-hyung
SsangYong Motor's painful restructuring plan is raising the possibility that the ailing South Korean vehicle manufacturer may woo potential investors.
Early this month, its union and management reached an agreement to apply cost-cutting measures such as initiating unpaid leave and additional wage cuts for executive-level employees.
Industry source believe the company still leaves much to be desired before signing a merger & acquisition (M&A) contract with a potential investor, as SsangYong has yet to prove its potential for a visible rebound clearly amid deteriorating profits.

Related Keywords

China ,Seoul ,Soult Ukpyolsi ,South Korea ,Gyeonggi ,Kyonggi Do ,South Korean ,Korea ,Lee Dong Gull , ,Korea Development Bank ,Seoul Bankruptcy Court ,Ssangyong ,Ssangyong Motor ,Gyeonggi Province ,Yong Motor ,Development Bank ,Motor ,Investor ,Revival ,Aah ,சீனா ,சியோல் ,தெற்கு கொரியா ,க்யேஓங்க்கி ,தெற்கு கொரியன் ,கொரியா ,லீ டாங் குல் ,கொரியா வளர்ச்சி வங்கி ,சியோல் திவால்நிலை நீதிமன்றம் ,ஸ்சங்கியோங் ,ஸ்சங்கியோங் மோட்டார் ,க்யேஓங்க்கி மாகாணம் ,யோங் மோட்டார் ,வளர்ச்சி வங்கி ,