Kia Motors Corp. and its labor union reach a tentative labor agreement on a new wage and working-conditions package that includes changing the production schedule from two 10-hour shifts to two 8-hour shifts. Kia also agrees to extend the mandatory retirement age from 58 to 59. “The union has tentatively accepted our offer of a 5.6% increase in basic salary, 3-months’ pay as a performance bonus and a one-off incentive bonus of 3 million won ($2,754),” a Kia spokesman tells Ward’s. “The ...
Premium Content (PAID Subscription Required)
"Kia Wins Tentative Labor Agreement" 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