GM Korea workers destroy CEO's office

Security footage of the incident was uploaded to YouTube, showing the group destroying furniture before leaving the office completely empty. The workers' union has urged for the chief executive to resign. According to Automotive News, the union had agreed to a wage freeze and bonus cut for its workers for 2018, but benefits remained a sticking point in negotiations with GM Korea.  The company later confirmed in a statement to Automotive news that a "violent incident" had occurred at its executive offices that "resulted in significant damage to company property." The incident was reported to police, with GM Korea saying that it would be taking legal action against the workers. GM Korea is seeking union concessions in a bid to present a turnaround plan to the government. The subsidiary has proposed a $2.8 billion new investment plan and a $2.7 billion debt-for-equity swap to turn around the unit. GM Korea says it intends to file for bankruptcy if the union fails to agree to a restructuring plan.