SsangYong Motor offers unpaid leave, wage cut to employees in self-rescue efforts: sources
Jun 2, 2021
Financially troubled SsangYong Motor Co. has offered unpaid leave and a wage cut to its employees in its efforts to stay afloat, industry sources said Wednesday. SsangYong Motor, under court receivership, offered a two-year unpaid leave to half of its 4,732 employees, while demanding them to accept an extension of lower wages and suspended welfare benefits until June 2023, a person familiar with the matter told Yonhap News Agency over the phone. The company also offered an additional 20 percen