S.Korea Ssangyong Motor reaches wage deal with union

Newswire

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 ...

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