S.Korea Ssangyong Motor reaches wage deal with union


SEOUL, Aug 25 (Reuters) - South Korea's Ssangyong Motor Co. and its union reached a tentative wage deal on Friday, which includes a freeze in base salary but drops a plan for proposed job cuts, the company said. Shares in Ssangyong ended up 6.28 percent at 4,400 won, beating the wider market's 1.04 percent gain, following the agreement, which is subject to a vote by union members. Unionised workers at Ssangyong have been stopping work for a few hours each day since July 14, demanding ...

Premium Content (PAID Subscription Required)

"S.Korea Ssangyong Motor reaches wage deal with union" 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- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×