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Hyundai Workers Begin Mini-Strikes in S. Korea
Some 51,000 hourly workers at Hyundai Motor Co. facilities in South Korea have begun daily mini-strikes in a push for more pay and bonuses.
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Some 51,000 hourly workers at Hyundai Motor Co. facilities in South Korea have begun daily mini-strikes in a push for more pay and bonuses.
The walkouts, each of which lasts 4-6 hours and are scheduled daily through Friday, target five factories in Ulsan. Workers have struck the carmaker in all but four of the last 31 years of annual contract negotiations.
Yonhap reports that Hyundai’s union has demanded a 154,900-won ($143) raise in monthly base pay and the distribution of a bonus pool equal to 30% of the company’s net profit last year of 5.7 trillion won ($5.3 billion).
The company’s most recent counteroffer would raise base pay by 42,900 won ($40) per month and pay bonuses equal to 25% of base pay, plus 1.5 million won ($1,400) in additional compensation, according to the news service.
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