Mexican Media Brands
Hyundai, Kia Labor Talks Stall
Union negotiators have walked out of contract talks with Hyundai Motor Co. and affiliate Kia Motors Corp., complaining that the companies aren't serious about reaching a new one-year agreement.
#labor #workforcedevelopment
Share
Union negotiators have walked out of contract talks with Hyundai Motor Co. and affiliate Kia Motors Corp., complaining that the companies aren't serious about reaching a new one-year agreement.
Labor officials at Kia have called a strike vote on Aug. 13. Hyundai's union is threatening to take a similar vote the same day.
Hyundai and its union have held 18 rounds of bargaining since talks began in late May. Negotiating at Kia started in early July.
The unions have said they are seeking a monthly wage increase of 130,500 won ($117) and profit sharing equal to 30% of net profit.
Hyundai suffered the most expensive strike in company history last year. The company said it lost more than 1 million units of production and 11.6 trillion won ($10.4 billion) in sales.
RELATED CONTENT
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
Targets of U.S. Aluminum and Steel Tariffs Declare Counter-Measures
As expected, the European Union, Canada and Mexico have announced a broad array of counter-tariffs in response to U.S. import taxes of 10% on foreign aluminum and 25% on foreign steel that went into effect at midnight.
-
Brexit Could Cut Global Car Sales by 2.8 Million Units
Great Britain’s decision to leave the European Union will trim global passenger vehicle sales by more than 2.8 million units through the end of next year, market researcher IHS Automotive predicts.