GM Korea chief urges labor union to accept wage freeze

GM Korea has urged its labor union to cooperate in wage negotiations by the end of the month, to make progress in drafting a self-help plan, as the firm teeters on the edge of bankruptcy.
Industry sources said Thursday that GM Korea President Kaher Kazem emailed employees the day before, informing them that the automaker cannot secure extra funds to cover costs in April unless the firm and the labor union reach an agreement on wages by the end of March.