Hyundai Motor Group said Wednesday it has signed a tentative wage agreement with the company’s labor union, extending their strike-free negotiation streak to five consecutive years. The management and labor union members including Lee Dong-suk, president of the domestic production department at Hyundai Motor Group, and the company’s union representative Ahn Hyun-ho carried out the 21st round of negotiatio.
Hyundai Motor Group said Wednesday it has signed a tentative wage agreement with the company’s labor union, extending their strike-free negotiation streak to five consecutive years. The management and labor union members including Lee Dong-suk, president of the domestic production department at Hyundai Motor Group, and the company’s union representative Ahn Hyun-ho carried out the 21st round of negotiatio.
The Korean Metal Workers Union s (KMWU) nationwide strike on Wednesday failed to win support from most of its members, according to the labor ministry, Thursday.
Underpinning KAI's plan is an overall goal of reducing the company’s dependence on Korean government procurement and to increase sales in the export market.
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