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 ...
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- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.