SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s largest automaker is facing renewed labor tension as the Hyundai Motor labor union warned Thursday that it would strongly resist the deployment of robots on production lines without prior agreement, citing fears of job losses and factory downsizing. In a statement circulated to members, the union said it [...]
ULSAN, South Korea, June 12 (Korea Bizwire) – Hyundai Motor’s labor union is demanding compensation of 20 million won (approximately $14,500) per worker in this year’s wage and collective bargaining talks, citing the Supreme Court’s 2024 ruling on the inclusion of regular bonuses in base pay calculations. Although the court limited retroactive application of the decision [...]
SEOUL, July 13 (Korea Bizwire) – Hyundai Motor Co.’s labor and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company’s history. The union said Saturday its members have voted to accept a tentative wage deal reached earlier in the [...]