Hyundai Motor, SoKor Workers Union Shake On Wage Deal

Hyundai Motor and a union representing its South Korean workers sealed a wage deal over the weekend that will boost annual pay by about 4.65%, the union said, avoiding a strike in the carmaker's biggest manufacturing base, Heekyong Yang reported for Reuters.

A total of 58.93% of the Hyundai union's voting members had approved the tentative wage agreement reached earlier this week. I Photo: Hyundai

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.