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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.

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