Kumho’s labor union accepts creditors’ plan to sell debt-ridden tire-maker to Doublestar
Acceptance paves the way for takeover of Kumho Tire by the Chinese company
On Sunday (1 April), the unionized workers of Kumho Tire voted in favor of creditors’ plan to sell the struggling tire-maker to China-based tire-maker Qingdao Doublestar, reports The Korea Herald.
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