Striking workers at Hyundai Motor Co. Ltd. in South Korea reportedly have reached a tentative deal with the auto maker, ending a 2-week strike. The two sides agreed to a 6.9% hike in monthly salary, plus a bonus equivalent to three times workers’ monthly salary and a one-time payment of 2 million won ($1,946). The union had been seeking a raise of 8.5%. Also part of the pact is the introduction of a new shift system in 2009 wherein plants would run 18 hours per day instead of 24. The ...
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