Hyundai Motor Co. Ltd. and GM Daewoo Auto & Technology Co. sign tentative labor agreements with their respective workers unions in South Korea, for a second straight year without strike action, Ward’s learns. Hyundai’s agreement was reached Wednesday, and the GMDAT accord was signed late Thursday (Korea time). Hyundai’s deal gives workers a 4.9% increase in monthly wages, on average equivalent to 79,000 won ($66). Workers also will receive a bonus of 3-months’ pay, 5 million won ...
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