According to Yonhap, Hyundai Motor Co.'s labor union said Friday it will extend partial strikes next week as workers press for higher wages, a move that could disrupt production at South Korea's largest automaker. The union said employees on day and night shifts already staged four-hour walkouts from Monday through Wednesday this week after wage talks stalled, and it plans another round of four-hour strikes from Wednesday to next Friday, which would be its third walkout this year.
The two sides have held 15 rounds of negotiations without narrowing their differences. The 40,000-member union is seeking a 149,600-won increase in monthly base pay and a performance bonus equal to 30% of last year's net profit, while Hyundai Motor, the maker of Sonata sedans and Palisade sport utility vehicles, has offered an 80,000-won raise, a bonus equivalent to 350% of monthly salary plus 10 million won and 15 shares of company stock. Hyundai Motor posted net profit of 10.36 trillion won ($7.07 billion) last year.
Hyundai Motor Union Plans Next Week's Partial Strikes Over Wages
2026-07-24 04:49:07
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