Hyundai union rejects management offers, strike on

Newswire

SEOUL, June 24 (Reuters) - Unionised workers at South Korea's top auto maker Hyundai Motor Co said on Thursday they had rejected offers of a performance bonus and wage increase and would go ahead with strikes as planned. A company spokesman said Hyundai had offered a 6.18 percent increase in base salary, lower than the union's demand for a 10.48 percent rise. Hyundai also proposed bonus payouts of three months' basic wages, against union calls for bonuses equivalent to 30 percent of the ...

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