General Motors South Korea employees trash CEO's office over bonuses dispute

General Motors South Korea trashed their Chief Executives office after they found out they would not earn a bonus.
General Motors South Korea trashed their Chief Executives office after they found out they would not earn a bonus. Photo credit: Youtube

Employees at General Motors South Korea have trashed their Chief Executive's office after learning no one will earn a bonus due to a 'cash crisis'. 

Security footage has emerged showing about a dozen workers storming into the office, removing furniture and throwing chairs around after the car manufacturer told staff they would not receive their bonus. 

The workers' union has since demanded the CEO resign from his position, a GM spokesperson has said. 

The union had agreed to a wage freeze and bonus cut for its workers for 2018, but opposed benefit cuts as well as plans to shut down the Gunsan plant, Automotive News reports. 

GM is seeking concessions from the union to revive its South Korean business after mounting losses, proposing a new US$2.8 billion  [NZ$3.8billion NZ] investment plan and a US$2.7 billion [NZ$3.7billion] debt-for-equity swap to turn the business around. 

After threatening to exit the country altogether, GM said last month it intends to file for bankruptcy if the union fails to agree to a restructure plan.

The destruction by workers has been reported to police and the company said it would take legal action against those involved. 

Newshub.