Kia Motors Corp. workers ratify a new 1-year wage agreement that includes a 5.2% pay increase, 2-month bonus and lump-sum payment of 1 million won ($1,052), a spokesman tells Ward’s. Kia’s labor union approved the deal Friday by 58% of 27,163 union members who voted, he says. The workers staged a 4-hour strike on Monday after rejecting a previous management offer of a 5.2% wage increase and bonus of 1.5 months’ pay. “I think we’re all happy to bring an end to the negotiations,” the ...

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