US EditionHyundai joins Honda and Toyota in raising wages after auto union wins gains in deals with Detroit 3
- Hyundai has announced plans to raise factory worker pay by 25% by 2028, aligning with the wage increase secured by the UAW. This move follows similar raises by Toyota and Honda in an effort to hinder the UAW's strategy of unionizing foreign automakers and Tesla factories.
- Toyota and Honda are also accelerating the time it takes for starting employees to reach the top pay rate, matching or coming close to the new UAW contracts. The ongoing voting by 146,000 UAW members will grant them 25% wage increases over four years and eight months, along with cost-of-living adjustments.
- Despite the raise, experts believe the new UAW contract is unlikely to incentivize nonunion workers to join, given the locations of the plants and the historical suspicion of unions in those areas.
42 Articles
42 Articles
Hyundai will raise U.S. factory wages by 25% after autoworker union got big concessions from Detroit's Big 3: 'UAW, that stands for ‘You Are Welcome'
Labor experts say the increases are at least in part aimed at thwarting UAW President Shawn Fain's strategy of trying to organize U.S. auto plants run by foreign automakers and Tesla.
Hyundai joins Honda and Toyota in raising wages
South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Hyundai said Monday it will raise factory worker pay 25 percent by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory
Hyundai joins Honda, Toyota with wage hikes
South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period. Labo…
Hyundai joins Honda, Toyota in raising wages after union takes on Detroit 3
South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers.Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period.
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