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 [...]
SEOUL, Oct. 6 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s top shipbuilder, is likely to have a lengthy standoff with its labor union over this year’s wage deal, industry watchers said Sunday, adding a burden to its already struggling business. Hyundai Heavy has held 16 rounds of wage negotiations with the union since [...]
SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Co. may get a further profit boost in the second half of the year, as South Korea’s largest automaker averted its chronic labor strike over wages for the year amid increased uncertainty stemming from a slowdown in the global economy and a slump in emerging markets, analysts here said [...]
SEOUL, Aug. 28 (Korea Bizwire) — Unionized workers at Hyundai Motor Co. have reached a tentative wage and collective bargaining agreement, averting strikes for the first time in eight years, the company and the union said Wednesday. “The union has decided to accept the company’s revised proposals as uncertainties in business environments grow further due [...]