Wednesday, October 23, 2019
Talks with Management on Wage Deal Broke Down
Hyundai Motor’s Trade Union
Talks with Management on Wage Deal Broke Down
  • By matthew
  • August 8, 2013, 05:06
Share articles

A meeting between Hyundai Motor’s management and the union in the Ulsan plant on August 6, 2013.
A meeting between Hyundai Motor’s management and the union in the Ulsan plant on August 6, 2013.

 

The union of South Korea's largest carmaker, Hyundai Motor, said on August 6 that its talks with the management over a nearly three-month-old wage deal brought out no results, which may lead to a strike. The union demanded a hike of 130,498 won (US$117) in basic salaries and an extension of the retirement age to 61, as well as other benefits.

Kwon Oh-il, the spokesperson for the Hyundai labor union, said 45,000 unionized workers plan to vote on August 13 about whether or not to go on strike, which requires majority approval from union members. “No major progress has been made on the wage deal,” he said, adding that the union can resume negotiations with the management if the company changes its position.

The management side called for a quick resumption of negotiations, though it expressed regret over the union's declaration of the collapse.