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Word: bupyeong (lookup in dictionary) (lookup stats)
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...American in Asia. Daewoo's union leaders battled desperately to thwart the takeover, fearing it would spell job losses, pay cuts and other setbacks for the rank and file. Workers picketed GM's Seoul sales office on and off for more than a year and rioted outside Daewoo's Bupyeong plant near Seoul. The unionists even dispatched a mission to GM's U.S. headquarters to persuade executives to back off. The anger persists. GM is "a multinational, imperialist company," declares Kim Il Seob, the workers' union president. The takeover "equals layoffs and unstable employment...

Author: /time Magazine | Title: Making Cars by Making Nice | 9/9/2002 | See Source »

...From the start, Zahner's friendly advances met resistance. Last October, soon after he was given responsibility for Daewoo labor relations, Zahner popped in unannounced on union leaders in their spartan office at the Bupyeong plant. He went worker to worker, shaking hands, introducing himself and passing out business cards. "I've been wanting to meet you," he said to Choi Jong Hak, the union spokesman at the time. Choi retorted, "I haven't been wanting to meet you." The union is still burned up over Daewoo's decision to lay off 1,750 workers last year. Leaders blame...

Author: /time Magazine | Title: Making Cars by Making Nice | 9/9/2002 | See Source »

...which cars were made in which plants. GM refused to acquire Daewoo until the agreement was altered to eliminate such un-American hindrances. In the end, the Detroit automaker bought two plants in Korea and one in Vietnam; it said it would acquire Daewoo's third Korean factory at Bupyeong, but only if it met higher production standards...

Author: /time Magazine | Title: Making Cars by Making Nice | 9/9/2002 | See Source »

...union, though, remains profoundly suspicious of GM's intentions. In May, just after the deal was signed, Zahner held a seminar at the Bupyeong plant for about 100 unionists to describe GM's vision of Daewoo's future, stressing the need for Daewoo to be part of a global company. One leader, Cho Ha Soo, began grilling Zahner. Cho called GM's acquisition "stealing," and demanded that the company clarify its position on layoffs. He accused Zahner of evading his questions. After the tense exchange, Zahner singled out Cho and said, "Starting today, we're going to be friends...

Author: /time Magazine | Title: Making Cars by Making Nice | 9/9/2002 | See Source »

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