Hyundai Motor’s South Korea union approves wage deal, union says

SEOUL : Hyundai Motor and a union representing its South Korean physique of workers on Saturday sealed a wage deal that would possibly perhaps enhance annual pay by about 4.65 per cent, the union acknowledged, avoiding a strike within the carmaker’s largest manufacturing sinful.

The union, one amongst the largest within the nation with bigger than 43,000 contributors, acknowledged in an announcement on Saturday that a total of 58.93 per cent of its balloting contributors had well-liked the tentative wage agreement reached earlier this week.

Workers at Hyundai Motor in South Korea, the No.3 global automaker by gross sales with its affiliate Kia Corp, closing went on strike in 2018.