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Hyundai Motor reaches agreement with union to end month long strike

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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 sides reached the agreement, which calls for a 5.1 per cent pay increase, in negotiations held in the southeastern industrial city of Ulsan where Hyundai has a major factory, spokesman William Park said.

``It's a provisional agreement,'' Park said, meaning that it must be approved by the union membership in a vote scheduled for Friday.

The strike began June 26 and has caused production losses of 91,647 vehicles totalling 1.27 trillion won ($1.33 billion), according to company figures.

Hyundai's labour union has gone on strike every year but one
since it was formed in 1987.

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Hyundai Motor reaches agreement with union to end month long strike
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