Union workers at Hyundai Motor Co. Ltd. in South Korea reportedly have rejected the auto maker’s offer to raise pay and now plan to strike. The company is offering a 6.18% increase in base salary, while the union is demanding a 10.48% hike, plus bonuses that equal 30% of Hyundai’s net profit. Hyundai is offering bonuses based on three months’ basic wages, instead, and also is looking to trim some holidays. The auto maker’s 40,000 unionized workers, which account for about 80% of the ...
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