{
  "id": 3144696,
  "title": "Hyundai Motor, labor union tentatively reach wage deal",
  "url": "https://urgent.news/2026/08/25/hyundai-motor-labor-union-tentatively-reach-wage-deal-3144696",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T00:17:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/20260825/hyundai-motor-labor-union-tentatively-reach-wage-deal"
  },
  "original_language": "en",
  "account": "Hyundai Motor Co. and its labor union have reached a tentative wage agreement after a series of strikes caused production disruptions, reports the automaker. The two sides agreed to a 100,000 won ($72.20) monthly base pay increase, a performance bonus exceeding 400 percent of monthly salary, and an additional payment of 12.5 million won. They also plan to raise the retirement age from 60 to 65 if relevant laws and regulations are revised. If approved by a union vote on August 31, this will mark the conclusion of this year's wage negotiations at South Korea's largest automaker. The union, with 400,000 members, staged 60 hours of strikes this year, causing about 120 hours of production disruptions across two shifts. These actions, including a full-day strike on Friday, the union's first in 10 years, are estimated to have resulted in cumulative production losses of around 55,200 vehicles, with lost sales surpassing 2.3 trillion won.",
  "summary": "The management and labor union of Hyundai Motor Co. tentatively reached a wage agreement early Tuesday following a series of strikes that caused production disruptions. The two sides reached an understanding at the 17th round of talks, agreeing to raise monthly base pay by 100,000 won ($72.20), provide a performance bonus of more than 400 percent of monthly salary and pay an additional payment of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Hyundai Motor, labor union tentatively reach wage deal",
        "url": "https://urgent.news/2026/08/24/hyundai-motor-labor-union-tentatively-reach-wage-deal",
        "published": "2026-08-24T23:16:37.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Hyundai Motor's union reaches tentative wage deal, averting more strikes",
        "url": "https://urgent.news/2026/08/24/hyundai-motors-union-reaches-tentative-wage-deal-averting-more-strikes",
        "published": "2026-08-24T23:32:03.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Hyundai Motor’s union reaches tentative wage deal, averting more strikes",
        "url": "https://urgent.news/2026/08/25/hyundai-motors-union-reaches-tentative-wage-deal-averting-more-strikes",
        "published": "2026-08-25T00:13:58.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Hyundai Motor's union reaches tentative wage deal, averting more strikes",
        "url": "https://urgent.news/2026/08/25/hyundai-motors-union-reaches-tentative-wage-deal-averting-more-strikes-3165989",
        "published": "2026-08-25T02:13:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}