Hyundai Motor and Union Reach Tentative Wage Agreement, Raising Base Pay by 100,000 Won.

연합뉴스-Yonhap News Agency

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(Ulsan = Yonhap News) Reporter Kim Geun-ju = Hyundai Motor Company's labor and management reached a tentative agreement on wages and collective bargaining this year on the 9th, with the main goal of raising the monthly base salary by 100,000 won.

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Basic pay raise of 100,000 won… Promoting employment stability at domestic plants, negotiations on extending retirement age continue The first negotiation result after a strike in 7 years… Union members to vote for or against on the 15th Hyundai Motor Company’s labor and management reached a tentative agreement on this year’s wage and collective bargaining agreement on the 9th, with a 100,000 won increase in basic pay as the core.