Kia Motors Corp.’s unionized workforce in South Korea approves a wage and performance bonus pact. The deal reportedly calls for workers to get an average monthly pay hike of 98,000 won ($83.61) and a 200% performance bonus. A union spokesman says some 95% of members voted and, of those, 70% accepted the tentative deal. Kia estimates the 3-week strike cost it 530 billion won ($452.2 million) in lost output.
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