Automotive

Striking Workers In S.Korea Reach Agreement

The Jenga tower of dealer inventory shortages just lost another block.
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Striking Workers In S.Korea Reach Agreement

South Korea's striking dock workers have agreed to terms with Daewoo Shipbuilding & Marine Engineering. The strike caused an estimated $400m in damages and delays since last month. Mass layoffs, a 30% pay cut, and record-high cost of living inflation contributed to the decision by workers to strike. No specifics of the agreement are available yet.

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