SSANGYONG MOTOR ANNOUNCES WAGE CUT FOR ITS EMPLOYEES FOR JAN. AND FEB.

Highlights –

• SsangYong Motor announces wage cut for its employees for Jan. and Feb.
• The car company is struggling with court receivership.
• The company’s vehicle sales in 2020 fell 19 percent to 107,324 units.
• Under South Korea’s legal system, court receivership is one step short of bankruptcy.

On Monday, SsangYong Motor Co. as it struggles w....