April 20, 2018 / 10:47 AM / a month ago

GM Korea, union will continue talks until Monday afternoon - union official

SEOUL (Reuters) - General Motors’ (GM.N) South Korean unit and its labour union plan to continue talks until 5 p.m. Seoul time on Monday, a union official said in a text message, amid the move by the U.S. automaker to seek bankruptcy for the loss-making unit.

GM Korea and its labour union failed to reach a wage deal by the Friday deadline. GM Korea had said it would likely file for court receivership if the deadline passes without a deal.

    The two sides plan to hold another round of talks on Saturday, the union official said.

    Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman

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