Renault Samsung mulls halting plant amid pandemic
SEOUL, Sept. 17 (Yonhap) -- Renault Samsung Motors Corp. said Thursday it is considering suspending its sole plant in South Korea for several days next month on lower demand amid the COVID-19 pandemic.
Renault Samsung is considering halting the operation of the Busan plant, 450 kilometers southeast of Seoul, for three to four days after the Chuseok holiday, which starts on Sept. 30 and lasts through Oct. 5, to control inventories amid weak sales, a company spokesman said over the phone.
The company and its labor union are in wage and collective agreement talks for the year of 2020.
From January to August, Renault Samsung's sales plunged 27 percent to 84,158 vehicles from 114,705 units in the year-ago period.
The company's current passenger car lineup includes the all-electric SM3 Z.E. sedan, the SM6 sedan, the XM3 SUV and the QM6 SUV.
Renault holds an 81 percent stake in Renault Samsung.
kyongae.choi@yna.co.kr
(END)
-
Overdue debut of Korean abstract art pioneer Yoo Young-kuk at Venice Biennale
-
Defense chief says N. Korea's hypersonic missile 'unsuccessful' in last-stage glide flight
-
Relax, immerse yourself in scents at Venice Biennale's Korean Pavilion
-
N. Korea has capability to genetically engineer biological military products: U.S. report
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Overdue debut of Korean abstract art pioneer Yoo Young-kuk at Venice Biennale
-
Relax, immerse yourself in scents at Venice Biennale's Korean Pavilion
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Defense chief says N. Korea's hypersonic missile 'unsuccessful' in last-stage glide flight
-
Facebook page unveils photos of BTS member V in counter-terrorism unit gear
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
S. Korea not invited to G7 summit meeting this year: sources
-
Yoon's approval rating sinks to lowest point since taking office
-
S. Korea, U.S. special operations forces stage airborne drills