Hyundai Motor workers stage full-scale strike over wage disputes
The labor union of Hyundai Motor Co. launched a full-day strike Friday after failing to reach an agreement with management over wages, raising concerns about further production disruptions amid sluggish vehicle sales. It marks the first time in 10 years that the automaker's union has staged an eight-hour strike. Production lines at Hyundai Motor's plants in Ulsan, Jeonju and Asan are set to be…
Hyundai Motor workers have launched a full-scale eight-hour strike, marking the first such action by the company's union in a decade. The labor dispute centers around wage negotiations, with management and the union unable to reach an agreement following months of talks. Over 39,000 union members are set to halt production lines across Hyundai's plants in Ulsan, Jeonju, and Asan for a combined 16 hours in two work shifts.
This strike, involving about 60 hours of total disruption since May, is projected to cause around 55,200 vehicles in lost production, with sales losses estimated at 2.3 trillion won ($1.64 billion). Additional four-hour walkouts are planned for Monday and Tuesday, further exacerbating the production challenges.
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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