Hyundai Motor takes wraps off fully redesigned Tucson SUV

The labor union representing Hyundai Motor workers announced plans for partial strikes this week, following their inability to reach a wage agreement with management. The union, comprising 40,000 employees, stated it would conduct four-hour strikes on Wednesday and Thursday, followed by an eight-hour strike on Friday. Additionally, the union has announced two more partial strikes for next week, on Monday and Tuesday, each lasting four hours.

In total, the union has orchestrated 44 hours of partial strikes since initiating negotiations with management.

The dispute revolves around Hyundai Motor's refusal to meet the union's demands for a 149,600-won ($105.6) increase in monthly base pay and a performance-based bonus equal to 30 percent of the company's net profit from the previous year. The union initiated its wage talks with management a week ago, but the two parties have been unable to bridge their differences. Earlier today, the two sides held their 16th round of negotiations.

In response to the union's demands, Hyundai Motor has offered a 80,000-won ($56.3) increase in the monthly base pay, a performance bonus equivalent to 350 percent of the employee's monthly salary, as well as 15 shares of company stock.