Smallest of country’s five automakers follows GM’s lead in contract talks.
The pressure increases on Hyundai, Kia and Renault Samsung as management at a second Korean automaker offers to include bonus payments in its regular wage package, in line with demands from the Korea Metal Workers Union. Ssangyong, a subsidiary of Indian automaker Mahindra & Mahindra, proposed during negotiations Tuesday to prorate regularly paid annual bonuses so as to include the amounts in employees’ regular wages. Doing so would substantially hike payments made for ...
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