Mexican Media Brands
Kia Reaches Tentative Deal with Union
Kia Motors Corp. says it has reached a tentative labor accord after more than four months of negotiations with its union, The Korea Herald reports.
#labor
Share
Kia Motors Corp. says it has reached a tentative labor accord after more than four months of negotiations with its union, The Korea Herald reports.
The company estimates partial strikes by the union over that period have cost it 2.1 trillion won ($1.8 billion) in lost production. The newspaper says the one-year wage deal would hike base monthly pay by 72,000 won ($63), expand benefits and grant each worker a one-time bonus of 3.3 million won ($2,900).
Kia’s owner Hyundai Motor Co. reached a one-deal pact with its union after enduring its first full-scale strikes in 12 years.
RELATED CONTENT
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.
-
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.