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GM Korea Workers Ratify New Contract
Hourly employees of General Motors Co.'s South Korean unit have approved a new one-year accord by a narrow margin after two weeks of mini-strikes.
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Hourly employees of General Motors Co.'s South Korean unit have approved a new one-year accord by a narrow margin after two weeks of mini-strikes.
Under the contract, GM guarantees job security to union members and agrees to pay each worker a 10 million-won bonus ($8,800), according to Reuters. It says walkouts this month cost the company 124 hours of vehicle production.
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