Mexican Media Brands
GM, Korean Unions Reach Labor Pact
General Motors Co.'s South Korean unit has reached a tentative agreement with its unions that includes a raise in base pay and 8 million won ($5,750) in bonuses to each worker.
#labor #workforcedevelopment
Share
General Motors Co.'s South Korean unit has reached a tentative agreement with its unions that includes a raise in base pay and 8 million won ($5,750) in bonuses to each worker.
The parties agreed to test new work schedules to address union objections to overnight shifts. GM Korea workers had staged a series of mini-strikes in July and August.
The GM settlement leaves Korean auto giants Hyundai and affiliate Kia Motors as the remaining carmakers in the country still embroiled in contentious labor talks. Hyundai workers in mid-July held their first walkout in four years.
RELATED CONTENT
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.