Hyundai Motor Company achieves five-year streak of wage and collective agreement negotiations without strikes
Hyundai Motor Company labor and management have successfully concluded wage and collective agreement negotiations for the fifth consecutive year, without resorting to strikes. This news comes as a significant accomplishment for both parties involved.
Yesterday, the Hyundai Motors union conducted a vote among its 44,000 members to decide on the temporary agreement. The vote results revealed that 22,000 out of 38,000 voters were in favor of the agreement, showcasing a considerable majority supporting the decision.
The contract for this year includes a noteworthy base salary increase of 111,000 won, in addition to a bonus of 300% plus 8 million won. The agreement also entails an incentive bonus of 100% plus 2.5 million won. These terms reflect the efforts made by labor and management to ensure fair compensation for their workforce.
Furthermore, as a testament to their commitment to employee welfare, Hyundai Motor Company has agreed to hire an additional 800 technical workers and enhance support for childbirth and childcare. These steps demonstrate the company’s dedication to fostering a conducive environment for its employees to thrive in.
With the approval of this agreement, Hyundai Motor Company labor and management have made remarkable strides in reaching a non-dispute settlement for five consecutive years, marking a significant milestone since the establishment of the Hyundai Motors union in 1987. This accomplishment showcases the effectiveness of open communication and collaborative efforts between labor and management.
A union contract signing ceremony is set to take place tomorrow to commemorate this successful negotiation. This event will serve as a testament to the productive relationship between labor and management at Hyundai Motor Company.
Overall, this achievement highlights Hyundai Motor Company’s proactive approach to labor relations and their commitment to ensuring the well-being and satisfaction of their workforce. The company’s consistent track record of non-dispute settlements sets a positive example for other companies in the industry.
※ ‘Your report becomes news’
[카카오톡] Search YTN and add a channel
[전화] 02-398-8585
[메일] social@ytn.co.kr
Hyundai Motor Company labor and management concluded wage and collective agreement negotiations without a strike for five consecutive years.
Yesterday (18th) the Hyundai Motors union announced that it was holding a vote for or against the temporary agreement among its 44,000 members, and that it was passed with 22,000 of the 38,000 voters in favor.
This year’s contract included a base salary increase of 111,000 won, a bonus of 300% + 8 million won, and an incentive bonus of 100% + 2.5 million won.
In addition, we agreed to hire 800 additional technical workers and expand support for childbirth and childcare.
With this approval, Hyundai Motor Company labor and management have continued to reach a non-dispute settlement for five years as of 2019, the first time since the Hyundai Motors union was founded in 1987.
Labor and management plan to hold a union contract signing ceremony tomorrow.
※ ‘Your report becomes news’
[카카오톡] Search YTN and add a channel
[전화] 02-398-8585
[메일] social@ytn.co.kr
#Korean #news #channel #YTN #Channel
