Kia Motors Corp.'s plants return to full operations today (Sept. 1) after the auto maker reaches a tentative wage agreement with its labor union. The deal, struck after 23 negotiating sessions over a 6-week period, provides for a 5.7% increase in base pay equal to 78,000 won ($81.16) monthly, and a one-time bonus of 2 million won ($2,081). In addition, workers will receive an annual incentive bonus equal to 150% of one month’s pay if production goals are met. Medical benefits are ...
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