GM Korea Shuts down Plant in Bupyeong for Good

  • By Ryu Jung

    November 23, 2022 11:16

    One of GM Korea's plants in Bupyeong west of Seoul will shut down on Saturday as production of the Malibu mid-sized sedan and Trax compact SUV comes to an end.
    It is one of the automaker's two plants in the city and was first built in 1962 by a Korean auto manufacturer.
    The plant, with production capacity of 170,000 vehicles a year, has faced operational difficulties since the 2008 global financial crisis.
    A recent semiconductor shortage in the auto industry has made things worse for GM Korea, causing the operation rate at the plant to plummet to 25 percent of capacity.
    Around 700 of the 1,200 workers at the plant will be relocated to the automaker's plant in Changwon, South Gyeongsang Province, while 500 will be transferred to the other plant in Bupyeong.
    The remaining Bupyeong plant manufactures the Trailblazer small SUV, while the Changwon facility will produce a next-generation crossover utility vehicle. GM Korea aims to double its production volume to 500,000 next year as it looks to return to profit.
    The labor union has demanded that the closed-down plant be turned into a facility for key electric vehicle components, but management said it has not yet decided how to utilize it.
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