koreatimes.co.kr

Kia Union Approves Wage Deal, Avoiding Planned Strike

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Sig2.60Sen+6.10Env0.00Soc+3.30Gov+0.90

Kia’s labor union approved a tentative wage agreement with 64.1% of voting members, from a turnout of 91% of its 24,710 workers. The deal was reached a day before a planned strike, which was therefore averted. Kia will increase monthly base pay by 100,000 won, add a performance bonus over 400% of monthly salary, and provide an additional 12.7 million won per employee, extending strike-free wage talks to a sixth straight year.

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