GM Daewoo Automotive & Technology Co. and its 7,800 South Korean union workers reach an agreement to end a weeks-long strike in the country, Reuters reports. The agreement calls for the auto maker to provide a base salary increase of 11%, along with quarterly payments of $130 for children’s education expenses and other incentives. Union members had been conducting work stoppages at a number of facilities in the country since July 9, costing the auto maker 3,500 units of lost production.
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