Kia Motors Corp.'s plants return to full operations today (Sept. 1) after the auto maker reaches a tentative wage agreement with its labor union. The deal, struck after 23 negotiating sessions over a 6-week period, provides for a 5.7% increase in base pay equal to 78,000 won ($81.16) monthly, and a one-time bonus of 2 million won ($2,081). In addition, workers will receive an annual incentive bonus equal to 150% of one month’s pay if production goals are met. Medical benefits are ...
Premium Content (PAID Subscription Required)
"Kia Reaches Tentative Pact With Union" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.