SEOUL/ULSAN : Production at Hyundai Motor Co’s biggest factory complex halved on Thursday due to component shortages triggered by South Korea’s truckers’ strike, a union official at the automaker said on Friday.
About 8,100 members, or more than 36 per cent of the Cargo Truckers Solidarity union in the country, went on strike for a third day on Thursday to protest the surge in fuel costs, disrupting production, slowing activity at ports and posing new risks to a strained global supply chain.
On Friday, around 1,000 truckers began a strike in front of Hyundai’s factory in Ulsan, south of the country, according to a Reuters witness.
The automaker’s Ulsan plants, which had been running at almost full capacity before the strike began this week, operated at about 50-60 per cent of capacity on Thursday, the union official said.
South Korea is a major supplier of semiconductors, smartphones, autos, battery and electronics goods and the…
