GM Daewoo Auto & Technology Co. workers ratify a new 1-year labor agreement calling for an average 4.1% increase, or 63,000 won ($69), in monthly wages. The pact, favored by 61.3% of the union’s membership, also provides a performance bonus equivalent to two months’ pay. All workers will receive a 1-time payment of 1.5 million won ($1,642) to encourage them to meet all quality, production and productivity targets. Additionally, workers in the highest seniority class will pocket an ...
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