Union officials representing workers at Hyundai Motor Co. Ltd.’s South Korean facilities reportedly have reached a tentative wage agreement. Workers were threatening to stage a full strike June 18 to have their demands met for a 12.2% increase in monthly base pay to 128,880 won ($104.82) and 30% share of the auto maker’s profits. Before June 18 only partial strikes had been held, with workers refusing to work overtime, causing production delays of 18,621 vehicles, says Hyundai. Under ...
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