Latest Automotive News

Subscribe in a reader

Hyundai Motor, union agree on wage deal, likely averting strike

Email   small font medium font large font


SEOUL, South Korea (AP) _ Hyundai Motor Co. and its labour union have agreed on a new wage deal, the company said Tuesday, likely averting a threatened strike.

Hyundai Motor spokesman Jake Jang had no details on the deal other than that one had been reached. The most recent negotiations between management and the union were held Monday and Tuesday in the southeastern industrial and port city of Ulsan, where the company has its main factory.

Jang said the deal is tentative and must still be voted on by the union rank-and-file.

Union representatives could not immediately be reached for confirmation.

The 44,867-strong union voted last week in favour of a strike, but postponed the walkout to give negotiators more time to forge a deal.

Labour unrest at Hyundai, the world's sixth-largest automaker, is an annual event. The union has gone on strike every year but one since it was founded in 1987. Workers have already walked off the job twice this year.

Receive the latest automotive news by email!

Enter your email address:

Related news
SEOUL, South Korea (AP) _ Hyundai Motor Co. said Saturday its labour union has voted in favour of going on strike amid annual wage negotiations. According to an e-mail from the automaker, 28,243 ...
SEOUL (AP) _ Hyundai Motor Co. and its labour union tentatively agreed Wednesday to end a month-long strike that had driven South Korea's largest automaker to suspend exports, a company spokesman said. The two ...
SEOUL, South Korea (AP) _ Union workers at Kia Motors Corp. voted Friday to approve a new wage agreement, the carmaker said, putting an end to a series of strikes that took ...
Unionized workers at Hyundai Motor Co. began a promised partial strike Monday amid a dispute with management over bonuses, a union official said. The walkout, which was approved last week ...
SEOUL, South Korea (AP) _ Unionized workers at Kia Motors Corp. on Tuesday began the first of two strikes planned for this week in a bid for higher wages, the company's union ...
Hyundai Motor Co.'s union decided to end a strike Wednesday after the company agreed to pay full bonus payments, officials said, resolving one of the latest obstacles facing South Korea's ...
SEOUL, South Korea (AP) _ Hyundai Motor Co. said Wednesday it may begin manufacturing pickup trucks if a free trade agreement between South Korea and the United States that would ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!

Hyundai Motor, union agree on wage deal, likely averting strike
> © 2006-2017 except where otherwise noted