GM Korea Archives | Be Korea-savvy
GM Korea Union OKs Wage Deal

GM Korea Union OKs Wage Deal

SEOUL, April 14 (Korea Bizwire) — The union of GM Korea Co. said Tuesday that its members have endorsed a tentative wage deal, averting a strike amid the ongoing coronavirus pandemic. The agreement was approved by 53.4 percent of more than 7,200 union members who voted earlier this week. More than 500 other union members [...]

GM Korea Chief Says Wage Increase Will Hurt Competitiveness

GM Korea Chief Says Wage Increase Will Hurt Competitiveness

SEOUL, Oct. 16 (Korea Bizwire) — The chief executive of GM Korea Co. said on Wednesday increased labor costs would hurt the carmaker’s profitability and competitiveness amid stalled wage negotiations with its trade union. Kaher Kazem, GM Korea president and chief executive, held an emergency meeting with executives at the carmaker’s main plant near Seoul. [...]