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Hyundai Motor to hire over 45,000 people, invest $22 bn in next five years

Business groups said in May that they would work with the South Korean govt to create jobs and boost investment

Reuters  |  Seoul 

South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal as it was eyeing cost cuts to counter sluggish sales. South Korea's finance ministry announced on Wednesday Hyundai Motor Group's plan for hiring and investing about 23 trillion won ($21.56 billion) over five years after Finance Minister Kim Dong-yeon visited the group's lab earlier in the day. The group includes flagship Hyundai Motor Co and Kia Motors Corp. The ...

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First Published: Wed, January 17 2018. 16:29 IST