Hyundai Motor, Union Reach Wage Deal to End Walkouts - WSJ

Hyundai Motor, Union Reach Wage Deal to End Walkouts  WSJ

South Korean carmaker Hyundai Motor and the union representing its workers have reached a tentative deal on wages and bonuses, both sides said on Tuesday after a rare full-day strike. Around 40,000 employees of a roughly 73,000-strong domestic workforce at the country’s largest carmaker walked off the job on Friday, ac

Hyundai Motor and its labor union reached a tentative wage agreement Tuesday, more than three months after negotiations began, potentially ending a protracted labor dispute that disrupted production. The two sides struck the deal during their 17th round of negotiations at Hyundai Motor’s Ulsan plant. Representatives fr

Hyundai Motor's South Korean union said on Tuesday (Aug 25) 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