He said the delegation could force GM to exclude the main Bupyong plant from a deal to buy Daewoo. Detroit-based General Motors entered a preliminary bid for the bankrupt car maker last Wednesday. GM is currently negotiating the terms of the deal with the company's creditors, led by state-run Korea Development Bank. Analysts expect GM to look to cut more costs if it takes on Daewoo. Experts say most Daewoo workers approve of General Motors' interest in Daewoo, seeing it as the company's last chance for a turnaround.
Polls also show the Korean public generally supports the takeover.
Earlier this year, Daewoo's state-appointed management cut a third of the company's 16,000 workers to ready it for a buyer. The union delegation, on a U.S. trip sponsored by Detroit-based United Auto Workers union, wants those workers reinstated, with a promise of no future cuts. It plans to make its case at GM's shareholder meeting in Wilmington, Delaware, later Tuesday. If GM does take over Daewoo Motors despite our opposition, a serious conflict with Korean workers is inevitable. Over the weekend, around 400 demonstrators burned the American flag and pelted GM's Korean headquarters with eggs.