Striking workers at Hyundai Motor Co. Ltd. in South Korea reportedly have reached a tentative deal with the auto maker, ending a 2-week strike. The two sides agreed to a 6.9% hike in monthly salary, plus a bonus equivalent to three times workers’ monthly salary and a one-time payment of 2 million won ($1,946). The union had been seeking a raise of 8.5%. Also part of the pact is the introduction of a new shift system in 2009 wherein plants would run 18 hours per day instead of 24. The ...
Premium Content (PAID Subscription Required)
"Union Reaches Deal with Hyundai" 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: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.