Hyundai Motor Co. Ltd. averts a strike by reaching a tentative wage agreement with its unionized workers in South Korea, following two days of renewed negotiations. “Everyone at headquarters is surprised and ecstatic that we have reached an agreement with our labor union,” a Hyundai spokesman tells Ward’s. “It’s the first time in 10 years that we have made a deal peacefully.” Workers had authorized a strike, which was due to begin today, he says. “But the union leadership responded to ...
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