Hyundai Motor union accepts 5.41 % wage hike
Seoul - Yonhap
The management and labor union of Hyundai Motor Co., South Korea's largest automaker, agreed Wednesday to a 5.41 percent increase in base pay, ending their annual negotiations without a strike for the third year in a row. The carmaker said the tentative deal was reached after overnight marathon talks held at its main Ulsan plant, 414 kilometers southeast of Seoul. The labor union plans to put the wage agreement to a vote on Friday.
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