Solidarity demands ouster of Daewoo-FSO president

The Solidarity trade union at Daewoo-FSO is seeking to oust Sung Koog Yeo, the president of the car-maker, claiming that he is acting against the interests of the company and driving it towards liquidation. "All his decisions only serve the purpose of proving that further functioning of Daewoo-FSO has no economic justification," said the trade union in a statement. It charges that Sung Koog Yeo is not doing enough to stop the plunge in sales and points out that Daewoo-FSO is not making any deliveries to the army, police or other institutional clients. The strong statement is likely the result of mass layoffs at the plant. According to union representatives, Daewoo-FSO could employ as few as 1,500 people in November, when the plant celebrates its 50th anniversary. At the beginning of this year the facility had 4,500 employees. (Puls Biznesu, p. 3) T.J.