Hyundai Motor workers again to stage partial strikes amid wage dispute
The labor union of Hyundai Motor said Tuesday it will stage partial strikes throughout this week after failing to reach an agreement with management over wages. The automaker's union said it decided to stage four-hour strikes on Wednesday and Thursday and an eight-hour strike on Friday. The union also said it will launch four-hour partial strikes on Monday and Tuesday as well next week. So far,…
Hyundai Motor's labor union announced plans to hold partial strikes throughout the week due to ongoing wage negotiations with management. The automaker's union decided to conduct four-hour strikes on Wednesday and Thursday, followed by an eight-hour strike on Friday. In addition, four-hour partial strikes are scheduled for Monday and Tuesday the following week. Since initiating talks with management, the union has orchestrated a total of 44 hours of partial strikes.
The labor dispute intensified after management and the union failed to bridge their wage gap. Earlier on Tuesday, the two sides concluded their 16th round of negotiations. The 40,000-member Hyundai Motor union is pushing for a 149,600-won ($105.6) monthly base pay increase, coupled with a performance-based bonus amounting to 30 percent of the company's last year's net profit.
Meanwhile, Hyundai offered a 80,000-won ($57.6) monthly base pay escalation, a performance bonus equivalent to 350 percent of the monthly salary, as well as 15 shares of company stock.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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