SEOUL, Dec. 11 (Korea Bizwire) — GM Korea Co. and its union have reached a second tentative wage deal after union members rejected the first deal early this month, the company said Friday. In a vote held from Nov. 30 to Dec. 1, GM Korea workers turned down the first tentative wage agreement as they [...]
SEOUL, Dec. 1 (Korea Bizwire) — Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., voted down a tentative wage deal for the year amid the COVID-19 pandemic, the company said Tuesday. In a vote held from Monday to Tuesday, 54 percent of 7,364 union workers rejected the tentative deal, [...]
SEOUL, Nov. 25 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it has reached a tentative wage deal for the year to focus on production amid the COVID-19 pandemic. Under the tentative agreement, GM Korea will provide 4 million won (US$3,600) per union worker in performance-based pay [...]
SEOUL, Oct. 13 (Korea Bizwire) — Kia Motors Corp. and two other South Korean carmakers have yet to reach wage deals with their unions for this year, with the new coronavirus outbreak still a major concern for the automotive industry. Of the country’s five carmakers, Hyundai Motor Co. and SsangYong Motor Co. and their unions [...]
SEOUL, Sept. 21 (Korea Bizwire) — Hyundai Motor Co. and its labor union agreed Monday to freeze wages for the first time in 11 years as the carmaker struggles to ride out the impact of the coronavirus pandemic. The two sides reached a wage deal without a strike for the second consecutive year, the company [...]
SEOUL, April 20 (Korea Bizwire) — SsangYong Motor Co. and its union on Monday signed a wage deal for the year amid the rising impact of the coronavirus outbreak on the automobile industry. SsangYong workers agreed on a wage freeze as they see stable labor-management relations as key to putting the company back on track [...]
SEOUL, April 14 (Korea Bizwire) — Unionized workers at Renault Samsung Motors Corp. voted Wednesday to accept an agreement with the company over wages for last year as the automobile industry is struggling to cope with the impact of the coronavirus outbreak. The company said 70 percent of the 1,700-member union voted to accept a [...]
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 [...]
SEOUL, Nov. 1 (Korea Bizwire) — Unionized workers at Daewoo Shipbuilding & Marine Engineering Co. have approved a wage deal, the shipbuilder said Friday, ending monthslong negotiations that led to strikes. Daewoo Shipbuilding said 62 percent of 5,277 workers approved the wage and collective agreement that includes a 1.1 percent increase in base pay and [...]
SEOUL, Oct. 11 (Korea Bizwire) — GM Korea Co.’s labor union and management have failed to reach an agreement on a new wage deal. Members of the GM Korea labor union announced that they decided to notify management to abort all negotiations on Thursday. The negotiations over a new collective agreement, which have continued since [...]