Hyungji Esquire which produces and sells dress shoes abruptly announced on December 15 last year to sell off its Seongnam plant, the last remaining shoemaking production line, and lay off the workers, citing financial difficulty as the managerial reason. However, its trade union reacted strongly against the downsizing decision of the management, arguing that "the deficit gap has been reduced and alldebts were paid off. The management is taking steps as a mere formality without making efforts to avoid dismissal."
reported by Lee Eun-young
translated by Kim Sung-jin
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