Hyundai Motor’s union reaches tentative wage deal with management, Yonhap reports
The agreement follows Hyundai’s first full strike in a decade and includes performance bonuses, welfare points and 500 new technical hires through 2028.
6 Articles
6 Articles
A 100,000 won increase in base salary, provision of 15 shares of stock, and the hiring of 500 new technical staff have been agreed upon... An extension of the retirement age will also be agreed upon. The final decision on the settlement will be made at a union member vote on the 31st. Hyundai Motor Company and its labor union have reached a tentative agreement 111 days after the start of this year's wage negotiations. Base salary 1
Hyundai Motor’s union reaches tentative wage deal with management, Yonhap reports
Aug 25 (Reuters) - Hyundai Motor's South Korean union reached a tentative agreement with management on a 100,000 won ($72.31) monthly base salary increase, Yonhap News Agency reported on Tuesday. The deal comes after the union staged its first full s...
Hyundai Motor Company is projected to hire 500 new technical (production) employees from the second half of next year through 2028. On the 24th, Hyundai Motor management and labor announced that they had narrowed their differences regarding the number of new technical hires during the 17th round of wage negotiations. This comes just three days after the start of an all-out strike for the first time in 10 years. The hiring schedule and number are…
(Ulsan = Yonhap News) Reporter Kim Geun-ju = Hyundai Motor Company is expected to hire 500 new technical (production) employees from the second half of next year through 2028.
Hyundai resumes wage talks after 1st full strike in a decade
On the Dash: Hyundai and its union resumed wage talks Monday after Friday’s first full strike in a decade A Tuesday walkout remains possible depending on how negotiations go Prior walkouts have already cost about 55,200 vehicles and more than $1.67 billion in lost production Hyundai Motor and its union resumed wage talks Monday, days after the union staged its first full-day strike in a decade over pay, retirement age and job protections agains…
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