GM Daewoo Auto & Technology Co. workers ratify a new collective-bargaining agreement that calls for a wage freeze through the end of 2009. “This is obviously a refreshing new development in labor negotiations here in Korea and in contrast with what is happening at other companies,” a company spokesman says. “We hope that it will be helpful in our negotiations with the Korea Development Bank.” GMDAT still is trying to secure new financing from the state-run KDB to fund research-and- ...
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