Hyundai Motor workers to stage 4-day partial strikes amid wage dispute

Hyundai Motor workers are set to stage a series of four-day partial strikes due to an ongoing wage dispute, according to the labor union's announcement. The union, representing 40,000 employees, has decided to hold four-hour strikes on Wednesday and Thursday, followed by six-hour strikes on Friday and Sunday. This marks a significant escalation from last month's partial strikes, which lasted a total of 30 hours and resulted in an estimated production loss of 42,510 vehicles.

The union's demands include a 149,600-won ($105.6) increase in monthly base pay and a performance-based bonus equivalent to 30 percent of the company's net profit for last year. In response, Hyundai has offered an 80,000-won ($56.7) increase in monthly base pay, a performance bonus equivalent to 350 percent of the monthly salary plus 10 million won, as well as 15 shares of company stock.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.