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 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.