Hyundai produced 53,333 vehicles in August, a 41.6% drop from July.
Hyundai workers represented by the Korea Metalworkers Union ratify the new labor pact reached with management last week. Fifty-three percent of the union members who voted Monday approved the agreement, not a wide margin but enough to put the 44,000 Hyundai workers back on the job and end their intermittent strike action. The pay package includes a 98,000 won ($86.50) per month pay increase and two of the biggest bonuses ever won by a union in Korea. The incentive bonus calls for ...
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