Labor Groups Pressure Hyundai And Team Biden For Worker Training Amid EV Transition
Portfolio Pulse from Benzinga Neuro
A coalition of labor unions and civic groups is pressuring Hyundai (OTC:HYMTF) and the Biden administration to ensure job protection and adequate worker training amid the transition to electric vehicles. The campaign is focused on Hyundai’s electric vehicle plants and clean energy suppliers, and hopes to influence other automakers like B.M.W. and Mercedes-Benz. The unions are demanding job protection, avoidance of plant closures, and establishment of training programs for workers.
August 28, 2023 | 9:16 am
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Hyundai is being pressured by labor unions and civic groups to ensure job protection and adequate worker training amid the transition to electric vehicles. This could impact the company's operational strategy.
The pressure from labor unions and civic groups could lead to changes in Hyundai's operational strategy, potentially affecting its profitability. However, it's unclear at this stage how the company will respond and what the exact impact will be.
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