Faraday Future is a little-known American EV startup.
The suppliers lost work after GM Korea closed its plant in Gunsan.
South Korean parts supplier MS Autotech will build EVs for Chinese automaker Future Mobility Corporation.
The plant will instead increase production of the new Chevrolet Blazer.
GM Korea has unceremoniously killed off three of its compact models, with only one confirmed for replacement.
The worker was 47-years-old and had applied for GM’s redundancy program.
GM will close its Gunsan plant by May 2018 as the first step in restructuring its operations in the country.
South Korean representatives and officials weren’t expecting the bombshell news.
The protests may include a strike and a sit-in rally at GM Korea headquarters.
General Motors clarified that the Korean plant shutdown has everything to do with the country and not with the United States.
GM announced the shut down as part of the first step in restructuring its South Korean operations.
The road ahead might get quite bumpy, if not downright rough.
GM Korea posted a $469.9 million loss last year.
And attain a market share of over 10 percent.
Currently, half of GM manufacturing sights have wildlife habitats on location.
GM Korea produced much of the Chevrolet models sold in the European market.
GM Korea agreed to a wage increase for workers.
GM Korea and its union have been dealing with a standoff of some time now.
Today South Korean unions will decide whether to strike at GM Korea’s plants.
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