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Hyundai Motor’s South Korea union approves wage deal, union says

2024.07.12 18:36

SEOUL (Reuters) – Hyundai Motor (OTC:) and a union representing its South Korean workforce on Saturday sealed a wage deal that will boost annual pay by about 4.65%, the union said, avoiding a strike in the carmaker’s biggest manufacturing base.

© Reuters. FILE PHOTO: The logo of Hyundai Motors is seen at the company's headquarters in Seoul, South Korea, March 22, 2019.     REUTERS/Kim Hong-Ji/File Photo

The union, one of the biggest in the country with more than 43,000 members, said in a statement on Saturday that a total of 58.93% of its voting members had approved the tentative wage agreement reached earlier this week.

Workers at Hyundai Motor in South Korea, the No.3 global automaker by sales with its affiliate Kia Corp, last went on strike in 2018.



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