Some 40,000 striking workers at Hyundai Motor Co. Ltd. in South Korea reportedly agree to accept a wage increase of 6.18% and a one-time bonus of up to two months’ wages based on performance. The raise is less than the 10.48% workers were demanding. They also wanted a bonus worth 30% of Hyundai’s profits. (See related story: Hyundai Strike Fans South Korean Labor Unrest) Hyundai estimates the strike, which began June 25 and ended June 30, cost it 263.1 billion won ($228 million) and some ...
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