Kia union approves wage deal, marking 6th straight year without strike
Kia Corp. said Friday its labor union has approved this year's wage agreement, wrapping up annual negotiations without a strike for the sixth consecutive year. The agreement was approved by 64.1 percent of union members who voted, with 91 percent of the union's 24,710 members taking part, the Korean automaker under Hyundai Motor Group said. Kia and its labor union reached the tentative agreement…
The Korea Times reports that Kia Corp.'s labor union has approved this year's wage agreement, marking the sixth consecutive year without a strike. The agreement, which was approved by 64.1% of union members who voted, took place after negotiations wrapped up on Tuesday, averting a planned strike just a day before it was set to begin.
Under the deal, Kia will raise monthly base pay by 100,000 won ($72.20), provide a performance bonus equivalent to more than 400% of workers' monthly salary, and make an additional payment of 12.7 million won to each employee.
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.
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