SsangYong can't pay its staff (SK)

Korean carmaker, SsangYong cannot afford to pay its December salaries and has confirmed it’s more than £50m in debt. “Due to lack of operating funds for December, it is impossible for the company to pay salaries any longer,” SsangYong told workers in a letter last Friday. Korea’s smallest manufacturer turned to its parent company Shanghai Automotive Industry in China for emergency funds, but the Source URL: https://carrevieeeew.blogspot.com/2010/12/ssangyong-can-pay-its-staff-sk.html
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