Hyundai Motor Co. Ltd. and its labor union in South Korea are close to a new collective bargaining agreement, a company source tells Ward’s. “Hyundai management and the union negotiators met in an energetic session on Tuesday and a breakthrough is imminent,” he says. “Management made a very attractive offer, although the union had a 2-hour demonstration strike scheduled. The day shift held the partial strike, but the negotiations continue. We are hopeful we will make a deal sometime ...

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