SEOUL, Aug. 16 (Korea Bizwire) – Union members of Hyundai Motor Co., South Korea’s No. 1 automaker, said Wednesday they will stage partial strikes later this week, expressing discontent over talks with the management on wage hikes and job security.
The union said workers will stage a partial strike Thursday through Monday. Workers on the early and late shifts will stage a strike for four hours on Thursday and Friday.
On Monday, the two shifts will also stage a strike for two hours, respectively.
The workers warned that they may stage more strikes in the future if the management fails to accept their demands.
Hyundai’s union is demanding an increase of 154,883 won (US$135) in monthly salary on top of an automatic annual hike and 30 percent of the company’s 2016 net profit in bonuses. Workers also want to be guaranteed their jobs regardless of factory line changes from technological and industrial advancements.
On Wednesday, the company suggested giving workers a bonus of 200 percent of their monthly salary along with a reward of 1 million won.
The management claimed the company has been facing reductions in its earnings since 2012, and currently faces sluggish sales in major markets such as China and the United States.