SEOUL -- The union of South Korea's top automaker Hyundai Motor Co. will stage a partial strike on April 1 as part of industrial action spearheaded by an umbrella labor group, a Hyundai union official said on Monday.
The Korean Confederation of Trade Unions, the country's second-largest labor group with 620,000 members, has called on members to join a planned strike to protest against revised labor laws that allow firms to hire more temporary workers.
"We will down tools for four hours on April 1, as requested by the labor group," said Chang Gyu-ho, a union spokesman. "From Wednesday, union leaders will stage a sit-in protest in support."
Hyundai Motor's 42,000-strong union is a key member of the umbrella labor group. Analysts say poor labor relations are one of the main hurdles in the way of Hyundai Motor's goal of becoming a global top five auto maker by 2010.
Labor strife is also a key deterrent to doing business in South Korea, foreign investors say, and part of the reason for the relatively low value of local shares, known as the "Korea Discount".