April 20, 2018 / 12:47 PM / 7 months ago

GM Korea's board delays decision on bankruptcy filing to Monday - sources

SEOUL, April 20 (Reuters) - The board of General Motors' South Korean unit delayed its decision on filing for court-led rehabilitation proceedings to Monday, said two sources familiar with the situation.

GM Korea was not immediately reachable for comment.

The company and its union failed to reach a wage deal by Friday, breaching a deadline previously set by the U.S. automaker to seek bankruptcy protection for the loss-making unit. (Reporting by Hyunjoo Jin Writing by Ju-min Park Editing by Robert Birsel)

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