reuters.com

Hyundai Motor union reaches tentative wage deal after decade strike

Hyundai logoHyundai
Sig2.89Sen+3.56Env0.00Soc+2.81Gov+1.34

Hyundai Motor’s union reached a tentative wage agreement after wage talks stalled and the union staged its first full strike in a decade. The deal adds a base salary increase, performance bonus and welfare points, averting a likely suspension of production at the Ulsan plant, which can make about 1.5 million vehicles a year.

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