SEOUL, July 23 (Reuters) - Unionised workers at Hyundai Motor Co , South Korea's largest auto maker, rejected management's latest wage hike offer of eight percent, a union spokesman said on Wednesday.
He said partial strikes would continue until their demands for an increase of around 11 percent, equivalent to about 125,000 won ($105.7) a month, were met.
"We cannot accept the company's latest offer of a 95,000 won increase in monthly pay," the Hyundai union spokesman said.
"Workers at other factories who work less than we do have gotten higher raises," he told Reuters.
Hyundai's 39,000 union members downed tools for a one-day full strike on Friday and threatened more walkouts to push for an early settlement in talks with management over wages and working conditions.
Unionised workers, representing around 80 percent of Hyundai Motor's total employees, have held a number of strikes lasting several hours a day since late June.
Labour relations at Hyundai Motor, 10 percent owned by U.S.-German auto maker DaimlerChrysler AG , are monitored by investors as automobiles are one of South Korea's top exports.
South Korean labour unions have been stepping up industrial action in the face of public criticism as the economy, Asia's fourth-largest, entered its first recession since the 1997-98 Asian financial crisis.
Hyundai Motor shares closed down 1.2 percent at 34,100 won, underperforming a broader market index that finished down 0.57 percent. The union comment was made after the market closed.
($1=1182.8 Won)