The unions at Hyundai, Kia and GM Korea all are affiliated with the militant Korean Metal Workers Union. All three automakers are being pressed for the same wage and similar bonus demands the KMWU central hierarchy is...
A Korean court ruled Kia might suffer financial strain from the judgment but would not be damaged financially because the automaker has enjoyed several years of good profits and is not facing any management crisis.
Negotiations are continuing, however the union has shown no sign of backing down from its original demand for a monthly raise of 154,883 won and bonuses equal to 30% of 2016 net income prorated among employees.
The Kia union’s strike action committee will meet Wednesday, Aug. 23, to lay out its plan for possible additional strikes. Hyundai workers, meanwhile, have staged 2-hour strikes on four separate days this month...
“If the prospects of increased personnel costs from (paying) standard wages become a reality, we have no choice but to contemplate moving manufacturing bases overseas,” the Korea Automobile Manufacturers...
The Hyundai Branch of the Korea Metal Workers Union says members will strike for two hours on both the day and afternoon shifts Aug. 10 and Aug. 14. The union has staged partial strikes in each of the past three years.