wage agreement Archives | Be Korea-savvy

Hyundai Motor and Union Reach Tentative Wage Agreement

SEOUL, Sept. 12 (Korea Bizwire) – Hyundai Motor Co. and its labor union reached a tentative wage agreement Tuesday, averting a strike for the fifth consecutive year, the company said. The deal includes a 111,000 won (US$83.55) rise in monthly basic pay, as well as a bonus and performance-based benefits. The deal is subject to [...]

Asiana Pilots’ Union Tentatively OKs Wage Deal

SEOUL, July 19 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier by sales, said Wednesday it has reached a tentative wage deal with its pilots’ union for the 2019-2022 period. The tentative agreement came after two international and 10 domestic flights were canceled as around 100 Asiana pilots began a work-to-rule protest on [...]