Mexican Media Brands
Labor Dispute Crimps Hyundai Output
About 45,000 workers at Hyundai Motor Co.'s South Korean plants have refused to work overtime on weekends for the past six weeks, demanding higher pay for those shifts.
#workforcedevelopment #labor
Share
About 45,000 workers at Hyundai Motor Co.'s South Korean plants have refused to work overtime on weekends for the past six weeks, demanding higher pay for those shifts.
The disagreement was prompted by a new work schedule for Saturdays and Sundays that has cut wages on those days.
Hyundai's ability to boost sales this year is constrained by its factory capacity, so the company is trying to squeeze the maximum output out of its plants.
Hyundai estimates that the job actions have reduced potential production by 41,000 vehicles at a cost of 820 billion won ($733 million). The company warns that lost revenue could top 1 trillion won ($894 million) if the dispute isn't settled by the end of this month.
Hyundai says it continues to negotiate with the union, which is seeking 467,500 ($418) in total pay for 17 hours of weekend work spread over two days. The company's latest offer is 426,000 won ($381).
RELATED CONTENT
-
Bill Ford Describes Trump Meeting Over Mexico Jobs
Ford Motor Co. Chairman Bill Ford reveals he met with Republican presidential candidate Donald Trump a few months ago to discuss Trump’s “infuriating” comments about the company’s activities in Mexico.
-
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.
-
Shifting Landscape of Technology Is a Never-Ending Education
Brent Donaldson, Senior Editor, Modern Machine Shop and Additive Manufacturing Magazine discusses how the shifting landscape of technology that all of Gardner’s writers and editors cover is a never-ending education. If we are truly doing our jobs, we will never feel like we’ve mastered them. As I continue writing and reporting for AM and MMS, it’s easy to imagine how these technologies’ interdependency will continue to grow. It also seems clear that this kind of reporting — the kind that requires editors to experience and share new manufacturing technologies and strategies — is the kind of reporting that only Gardner can produce with any depth. I’m grateful to be part of it.