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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Ssangyong Motor threatens to use police to end strike AFP - Thursday, June 4 SEOUL (AFP) - - Struggling South Korean car firm Ssangyong Motor said Wednesday it would call in riot police to end the occupation of its plant by striking workers unless they disperse by early next week. ADVERTISEMENT Thousands of workers armed with metal pipes and firebombs have been occupying the carmaker's plant at Pyeongtaek city, 70 km (44 miles) south of Seoul, since May 21 to protest a massive job-cut plan. "Unless striking workers disperse voluntarily by Monday, we will take all possible legal action," Lee Yoo-Il, one of the two court-appointed managers supervising the automaker's bankruptcy process, told journalists. "This means we will call in riot police," he said. Because of the occupation over the past two weeks, the already insolvent automaker was unable to produce 3,793 vehicles worth 82 billion won (66 million dollars), the company said. Ssangyong, which has been under court receivership since February, plans to cut 36 percent of its workforce, or 2,646 workers, as part of restructuring. But if the strike continues the bankruptcy court will not approve the restructuring plan and this would force the company into liquidation, Lee said. Workers occupying the factory are demanding managers minimise job losses through work-sharing. The debt-stricken company in February won court protection from creditors. The court told its Chinese majority owner, Shanghai Automotive Industry Corp, to give up management control. Court-appointed managers have since struggled to turn the company around through job cuts and cost savings. The country's smallest carmaker, Ssangyong specialises in sports-utility vehicles and luxury sedans. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy Standard Chartered, HSBC China yuan bonds issueAFP - 2 hours 47 minutes ago Australia economic growth appears strongerAFP - 2 hours 57 minutes ago ADB lends Indonesia one billion dollarsAFP - Thursday, June 4 Taiwan dollar weakens after weak US economic dataReuters - Thursday, June 4 Related Articles: Business Japan's Komatsu to make hybrid excavators in ChinaAFP - Wednesday, June 3 Saudi Saad woes deepen on downgrade, restructuringReuters - Wednesday, June 3 Indian bond yields ease to 1-wk lows on buybackReuters - Thursday, June 4 India Hot Stocks: Flawless Diamond extends gains post orderReuters - Wednesday, June 3 Japan Hot Stocks-M'bishi Heavy, glassmakers, ToshibaReuters - Wednesday, June 3 Enlarge Photo Ssangyong Motor threatens to use police to end strike Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Pandemic warnings as swine flu spreads to Africa World 'getting closer' to swine flu pandemic: WHO Prince Charles defuses Franco-British D-Day dispute Last Titanic survivor dies in England Talent judge defends singing sensation Boyle View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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