Work stoppages by protesting unionized workers reportedly have cost Hyundai Motor Co. Ltd. and affiliate Kia Motors Corp. 389.2 billion won ($374.9 million) in lost production. Labor unions held work stoppages for several hours each day from Aug. 25 to Sept. 2 in a call for higher wages and better working conditions. (See related story: Hyundai Union Extends Strike, Kia Union to Vote) Hyundai and Kia’s unions are demanding an 8.4% increase in basic monthly pay. Kia workers also are ...
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