Last week, the US carmaker surprised officials when it announced it would shut down one of four factories in South Korea and that the fate of the others three was in question. Now, GM and Seoul are in talks to keep the company from pulling out of the country.>> As I said all ready it certainly our preference to stay and to fix the business and continue to be an important part of the Korean economy.
>> The head of General Motors South Korean union told Reuters Wednesday if GM does leave workers will go on full strike.>>
>> But if GM says it will completely withdraw from South Korea, we will lay down our tools. This will be over when GM left other the market they did so boldly, I heard that does not happen in South Korea. Around 16000 people work for GM in the country at one point the Korea unit was responsible for a fifth of General Motors products, but it has faced years of losses.
GM said it will produce two new models in South Korea, but the local union leader believes that would still fall short of turning around GM South Korean operations.