Mexican Media Brands
Hyundai Workers Reject Labor Pact
A one-year labor contract worked out between Hyundai Motor Co. and its South Korean union was overwhelmingly rejected earlier today, Reuters reports.
#labor #workforcedevelopment
Share
A one-year labor contract worked out between Hyundai Motor Co. and its South Korean union was overwhelmingly rejected earlier today, Reuters reports.
Four in five workers who voted said “no” to the pact, which is significantly smaller than the package the workers received last year. Hyundai has posted 10 consecutive quarters of shrinking year-on-year profit.
The company has endured strikes during its annual labor negotiations in all but four of the company’s 29-year history. Last year Hyundai’s sales, including those by its Kia Motors unit, were virtually flat at 8 million vehicles. Volume through the first seven months of 2016 totaled 2.73 million units, down 1% from the same period last year.
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.
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.