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GM to Close Auto Plant in South Korea in Restructuring

General Motors said Tuesday it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations. The move is a setback for the administration of President Moon Jae-in, who has made jobs and wages a priority. A GM statement said Monday the company has proposed to its labor union and other stakeholders a plan involving further investments in South Korea that would help save jobs. "As we are at a critical...

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