SEOUL, Oct. 5 (Korea Bizwire) – Unionized workers at the Hyundai Motor Group threatened Wednesday to stage a general strike if the government invokes its right to emergency arbitration to order workers at South Korea’s No. 1 carmaker to return to work, sources said. The move came after Labor Minister Lee Ki-kweon said last week [...]
ULSAN, Oct. 5 (Korea Bizwire) – Unionists of Hyundai Motor Co. said Tuesday they will not stage a walkout this week, although their senior members will continue protesting against the management over wage deals. The unionized workers at South Korea’s top automaker said they will not lay down their tools until next Tuesday. However, they [...]
SEOUL, Sept. 29 (Korea Bizwire) – Members of the joint council for small and medium-sized enterprises, which represents 15 of Korea’s SME societies, gathered for a press conference Wednesday denouncing the prolonged strike by Hyundai Motor’s labor union, and expressing their will to boycott the automaker if the situation continues. It marked the first time [...]
ULSAN, Sept. 26 (Korea Bizwire) – Unionists of Hyundai Motor Co. went on their first full strike in 12 years Monday after rejecting a previously offered compromise on wage hikes. Assembly lines at the nation’s largest automaker were halted at 6:45 a.m., the start of the morning shift. The last time that the Hyundai union [...]
ULSAN, Sept. 23 (Korea Bizwire) – Unionized workers of Hyundai Motor Company, perhaps Korea’s most powerful labor union with more than 48,000 members, announced that they will take advantage of the ‘laborer right to evacuate’ in case of future earthquakes. Korea suffered a record 5.8-magnitude earthquake on September 12, which was followed by hundreds of [...]
SEOUL, Sept. 6 (Korea Bizwire) – Company officials and union leaders at Renault Samsung Motors Co. have reached a tentative agreement on the wage increase for workers at the French automaker, the company said Tuesday. The agreement came after five official rounds of negotiations and nine working group meetings since July 11, and marks the [...]
SEOUL, Aug. 29 (Korea Bizwire) – Local carmakers’ business outlook for the year is increasingly dim as they are struggling with a protracted labor dispute and a fall in demand in emerging markets, industry sources said Sunday. According to the sources, workers at South Korea’s leading carmaker Hyundai Motor Co. have voted down a tentative [...]
SEOUL, Apr. 29 (Korea Bizwire) — Unionized workers of two major shipbuilders in South Korea are set on a collision course with top managers over how to restructure the embattled companies reeling from snowballing losses amid a longstanding business slump, sources said Friday. The labor union of Daewoo Shipbuilding & Marine Engineering Co. (DSME) is [...]
SEOUL, April 6 (Korea Bizwire) – Korean Air Lines Co. has dismissed a pilot for allegedly refusing to fly, though he claims he was following the company’s daily working regulations, its labor union said Wednesday, a move feared to deepen a rift caused by prolonged labor disputes at the country’s leading flag carrier. The pilot, who [...]
ULSAN, Aug. 12 (Korea Bizwire) - After Hyundai Motors announced that they would be adopting a salary peak system, they also discussed the idea during a recent bargaining session. At the negotiation session held on August 11, there were 50 bargaining agents present. Since the negotiation was held right after the group announced that they would [...]