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Ssangyong Motors may shed some senior executive jobs as part of cost cutting


Ssangyong Motors may shed some senior executive jobs as part of cost cutting
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Synopsis
The Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not submit an LoI by the March 31 deadline. Court receivership is one step short of bankruptcy in South Korea s legal system. In receivership, the court will decide whether and how to revive the company.
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A Ssangyong Motors launch event (2019 pic). M&M had bought the failed carmaker a decade ago.
Cash-strapped Ssangyong Motors plans to cut a few senior executive jobs even as it continues with its ongoing cost cutting drive, said people familiar with the matter. ....

Soult Ukpyolsi , South Korea , Cholla Namdo , Kyonggi Do , Korean Development Bank , Seoul Bankruptcy Court On , Samjong Accounting Corp , Cash Strapped Ssangyong Motors , Seung Bum , Seoul Bankruptcy Court , Ssangyong Motor , Accounting Corp , தெற்கு கொரியா , கொரியன் வளர்ச்சி வங்கி , சீங் பம் , சியோல் திவால்நிலை நீதிமன்றம் , ஸ்சங்கியோங் மோட்டார் , கணக்குவைப்பு முறை கார்ப் ,