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Kumho Tire Union Votes to Accept Sale Plan

Written: 2018-04-01 14:47:42Updated: 2018-04-01 14:50:39

Kumho Tire Union Votes to Accept Sale Plan

Unionized workers at South Korean tiremaker Kumho Tire have voted to accept a plan to sell the ailing firm to China's Qingdao Doublestar.

The union supported the proposed sale plan in a vote held at the tiremaker's main plant in Gwangju, Jeolla Province on Sunday. 

The union said in a statement that about 27-hundred union workers participated in the vote, with 60-point-six percent of them supporting the sale plan. 

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