US EditionKB Securities boosts Hyundai Motor target on Boston Dynamics robots
Hyundai's labor union demands management agreement before deploying Atlas robots, citing job security concerns amid plans to start robot use and manufacturing in 2028.
- On Jan 22, Hyundai Motor's labour union warned that deploying Atlas humanoid robots without union approval would cause `employment shocks` and demanded a labour‑management agreement before any deployment at worksites.
- After the Atlas debut at CES earlier this month, KB Securities raised its target for Hyundai Motor on Jan. 21, saying Boston Dynamics robotics could drive its long-term AI strategy.
- Analysts valued Boston Dynamics at 128 trillion won with annual maintenance costs of $9,500 and found one humanoid could deliver more than three times a human's productivity.
- Hyundai shares rallied to record highs after the Atlas announcement, while the labour union warned that Georgia expansion and 500,000 vehicles by 2028 threaten jobs at two Korean factories.
- By 2028, Hyundai Motor Group aims for a factory capable of 30,000 robot units annually and U.S. plant deployment starting in 2028, amid reports Amazon plans automation for 600,000 US warehouse workers.
14 Articles
14 Articles
Hyundai's humanoid robot plans trigger union warnings of mass job losses
Hyundai Motor Group showed off Boston Dynamics' Atlas robot at CES earlier this month. The company said it plans to build a factory capable of producing 30,000 robots annually by 2028 and to begin deploying humanoid robots at its Georgia plant that same year, with plans to roll them out...Read Entire Article
Hyundai Motor union warns against humanoid robot deployment
Hyundai Motor’s labor union stated its strong opposition to the carmaker’s plan for deploying humanoid robots across its major assembly lines here and abroad. “The introduction of artificial intelligence (AI) robots — aimed at cutting labor costs — becomes visible,” the union said in a statement, Thursday. “The union warns that not a single robot can be deployed at worksites without an agreement between the union and management.” Starting this y…
Hyundai Motor's Korean union warns of humanoid robot plan, sees threat to jobs
SEOUL, Jan 22 : Hyundai Motor's labour union in South Korea warned the automaker on Thursday against deploying humanoid robots without union approval, saying the robots would bring "employment shocks". Hyundai's plan to deploy humanoid robots starting in 2028 has sent its shares rallying to record highs
The automobile manufacturer Hyundai will focus more on the humanoid robot Atlas in production from 2028. Trade unions sharply criticize the plans.
On January 22, the Modern Automobile Branch of the All-China Federation of Metal Labor Unions issued a statement entitled "Overseas Production Transfer and Introduction of New Technologies (Robotics and Automation): Unilateral Promotion Without Labor-Management Consultation Is Absolutely Unacceptable," clearly stating: "Once large-scale production is achieved and put into production, it will inevitably impact employment. Not a single 'Atlas' can…
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