April 20, 2018 / 12:57 PM / a month ago

GM Korea's board delays decision on bankruptcy filing to Monday - sources

SEOUL (Reuters) - The board of General Motors’ (GM.N) South Korean unit delayed its decision on filing for court-led rehabilitation proceedings to Monday, said two sources familiar with the situation.

GM Korea was not immediately reachable for comment.

    The company and its union failed to reach a wage deal by Friday, breaching a deadline previously set by the U.S. automaker to seek bankruptcy protection for the loss-making unit.

    Reporting by Hyunjoo Jin; Writing by Ju-min Park; Editing by Robert Birsel

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below