Mexican Media Brands
GM Reaches Tentative Wage Deal in Korea
General Motors Co. and its labor union in South Korea have reached a tentative agreement to hike wages and maintain production levels at GM's factory in Bupyeong, Reuters reports.
#labor
Share
General Motors Co. and its labor union in South Korea have reached a tentative agreement to hike wages and maintain production levels at GM's factory in Bupyeong, Reuters reports.
The one-year pact boosts base pay 83,000 won ($71) and awards each worker a bonus of 4 million won ($3,400) and an additional one-time payment of 6.5 million won ($5,600).
GM also agreed to continue operating two production lines at Bupyeong, according to the union. The decision ended fears that the company might integrate the two lines, thereby reducing the factory's workforce.
Reuters says workers will decide on Tuesday when to vote on the agreement.
RELATED CONTENT
-
VW Workers Again Reject UAW at Tennessee Plant
Hourly workers at Volkswagen AG’s assembly plant in Chattanooga, Tenn., have again voted against having the United Auto Workers union represent them.
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
EU’s Industry Commissioner: “Diesels Are Finished”
The Volkswagen diesel scandal triggered a “breakthrough moment” among European consumers about clean air that will mean the demise of diesels, says European Union Commissioner Elzbieta Bienkowska.