Hyundai Motor's South Korea union approves wage deal

📆 9/18/2023 6:41 PM
📰 SaltWire Network

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By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Co and a union representing its South Korean workforce on Monday sealed a wage deal that will boost annual ...

By Heekyong Yang SEOUL -Hyundai Motor Co and a union representing its South Korean workforce on Monday sealed a wage deal that will boost annual pay by about 12%, avoiding a strike andSaltWire's Atlantic regional weather forecast for September 18, 2023 | SaltWireSEOUL -Hyundai Motor Co and a union representing its South Korean workforce on Monday sealed a wage deal that will boost annual pay by about 12%, avoiding a strike and production losses at the company's biggest manufacturing...

Unionised workers voted last month for a possible strike over demands for higher wages, a performance bonus and an increase to the mandatory retirement age to 64 from 60.

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