Workers bruised by speculative capital shift

On June 26 of last year, as usual, I worked the night shift and was getting ready for work in the morning, when an unexpected notice was posted on the wall. “Korea Gates will close and withdraw its manufacturing facilities in Korea as of the same day.” What kind of blue sky is this? The company said that due to the COVID-19 pandemic, the schedule has been delayed due to the global business restructuring of affiliates around the world in accordance with fierce global competition and review of business efficiency in the automobile market. However, there seems to be no reason to give to shareholders who are making billions of won in surplus until the moment of business closure and are earning more than 30 times the return on their investment.

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