Kia and its labor union agree to a collective bargaining agreement in record time, signing the deal today after negotiating through the night. The agreement was reached with no strike action or drop in plant utilization rate since negotiations began July 7, a Kia spokesman tells Ward’s, noting it took just six meetings over a 16-day period to wrap up the deal. The agreement calls for a 7 million won ($6,660) appreciation bonus for high performance in the first six months of 2011, a ...
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