Ssangyong stores SAIC

It is not quite May of 320 billion won of its largest creditor, but Shanghai Automotive Industry Corp. has recently announced that the property Ssangyong, with an investment of 25.9 billion won ($ 19.89 million) when the consignment. SAIC has said the money is to encourage the development of new products, but I assume they are paying for the Korean manufacturers used to offer their services, without a doubt the highest priority. After the Ssangyong union members, in Korea the fifth largest automobile manufacturer, a total of 29 billion won are on staff.

The union and SAIC positions seem back and forth on the way from here. Ssangyong Chinese owner wants a total of 2,000 jobs in the Korean automobile manufacturer, before more money and the union expects to vote on the new program, which is largely not to be expected. After reported a surprising decline in sales by more than 50% last year, but something to give.