GM Korea, union fail to reach wage deal

GM unveiled a major revival plan for its South Korean unit in February and has sought wage concessions from factory workers as well as government funding and incentives to save three factories in the country. (REUTERS)

By:

Hyunjoo Jin

April 20, 2018 05:00 AM

SEOUL -- General Motors' unprofitable South Korean unit and its labor union failed to reach a wage deal Friday, breaching a deadline set by the company to seek bankruptcy protection for the operation.

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