Hyundai STRIKE!

 Calm down....it's in South Korea, NOT in so-called "right to work" Alabama, even though Hyundai's big U.S. based plant is near Montgomery.

Alabama has few unions, mostly because of that right-to-work legislation. (It should be called a "right-to-block-unions" law, since that was the motivation in drafting and passing it.)

But the strike could have an impact at the U.S. plant if a shortage develops for Hyundai parts made in S. Korea.

Reuters reports:

"If the strike goes forward, it would be the first such action in five years related to wage negotiations at Hyundai Motor and could disrupt delivery of some popular vehicles. Hyundai has been struggling to ramp up production because of prolonged component shortages.

The strike could cause up to 1 trillion won ($755.37 million) in operating losses, and put pressure on domestic sales as there is little backlog to sell, KB Securities said in a research note on Monday."

 We'll see.