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
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.