Despite violent protests by workers and students, the management of Daewoo Motor Co. Ltd. is steaming ahead with its restructuring program to slash costs and pave the way for General Motors' buyout of the ailing Korean automaker. Above, a student throws a Molotov cocktail in Inchon, South Korea, to protest massive layoffs by Daewoo. Korean Trade Minister Kook Hwan Shin expressed optimism about GM. 'As most obstacles, including layoffs, have been eliminated to pave the way for the ailing automaker's turnaround, GM will begin its takeover efforts,' he said.
Dark Days at Daewoo
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