8th November 2000

There is concern for the future of jobs at Daewoo’s UK plant after the Korean car giant went into bankruptcy. Union leaders want to see the technical center in West Sussex sold. It employs 750 workers.

In September, Daewoo had problems paying its UK workers after defaulting on a $155m debt. It now owes creditors $10.6bn. They eventually received their wages last month when unions insisted that creditors and management pay wage arrears before contemplating job cuts and freezing wages.

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