Mexican Media Brands
GM Korea Reaches Tentative Wage Pact
On Wednesday GM Korea's unionized hourly workers will begin voting on a proposed contract that would avert a strike at GM's four assembly and parts plants in South Korea.
#labor
Share
On Wednesday GM Korea's unionized hourly workers will begin voting on a proposed contract that would avert a strike at GM's four assembly and parts plants in South Korea.
GM had threatened to shift some production out of Korea if contract talks continued to disrupt output.
Under the deal, GM reversed an earlier decision not to build the next-generation Chevrolet Cruze sedan at its factory in Gunsan. The plant, which supplies most of the Chevrolet models GM sells in Europe, had faced sharp cutbacks after GM decided to withdraw the Chevy brand in that market at the end of next year.
The labor pact calls for GM to pay workers 10.5 million won ($10,200) in annual bonuses and raise their base monthly wage by 63,000 won ($61). The company also agreed to comply with a Korean Supreme Court ruling that regular bonuses should be counted as part of base wages when calculating benefits.
RELATED CONTENT
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
