Compensation formula major sticking point in Hyundai negotiations.
July has been a fractious month for the Korean auto industry, with the union branches of the Korea Metal Workers Union showing their displeasure, and their teeth, over dragged-out, going-nowhere negotiations with the country’s five automakers. Wages and wage structure are the predominant issues in what has become a near-annual ritual of strikes and strike threats. GM Korea’s 14,000 workers voted Wednesday by a 69% margin to strike, although the union did not set a target date for ...
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