Hyundai Motor and Labor Union Reach Tentative Wage Deal
Hyundai Motor and its labor union have tentatively reached a wage deal, averting further strikes. This agreement comes after negotiations between the company and the union.
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Hyundai Motor's union reaches tentative wage deal, averting more strikes
Hyundai Motor's South Korean union said on Tuesday it has reached a tentative agreement with management, averting further production losses after staging its first full strike in a decade on Friday, following a series of partial stoppages. The union had demanded higher bonuses, an increase in the retirement age, and job protections against artificial intelligence and automation. The tentative agreement includes a base salary increase of 100,000 won ($72.31) per month plus a performance bonus
By The Korea Herald
Read full article →(LEAD) Hyundai Motor, labor union tentatively reach wage deal
SEOUL, Aug. 25 (Yonhap) -- The management and labor union of Hyundai Motor Co. t...
By Kim Eun-jung
Read full article →Hyundai Motor’s union reaches tentative wage deal with management, Yonhap reports
By Reuters
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