Hyundai Motor cuts output, 2,000 jobs in India

SEOUL, Dec. 29 (Yonhap) -- Hyundai Motor Co., South Korea's top automaker, said
Monday it has slashed production at its Indian plant by as much as 25 percent
amid sinking demand for new vehicles.
Since Monday, Hyundai's Indian plant has worked for 16 hours in two shifts a day,
down from a previous 23 hours in three shifts, an official at Hyundai said.
The Hyundai official didn't say for how long the company will continue to cut
production in India, adding some 2,000 local contract workers have their
contracts renewed.
Hyundai saw its vehicle sales plunge 23.3 percent from a year earlier to 14,605
units last month in India.
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