26-10-2016 08:48 via news.yahoo.com

Hyundai Motor Q3 profit hit by workers' strikes

South Korea's Hyundai Motor on Wednesday announced a sharp fall in profits for a third quarter, hit by lengthy industrial action that also took a toll on the national economy. Hyundai is the biggest automaker in South Korea and, along with its smaller affiliate Kia, forms the world's fifth-largest automaking group. Tens of thousands of workers at the firm's plants in South Korea staged full or partial strikes for several weeks through July to October demanding higher wages.
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