Hyundai Motor workers begin partial strike over wages and job security concerns

Hyundai Motor's union said Friday its workers will extend partial strikes next week in a bid to secure higher wages, raising concerns about production disruptions at South Korea's largest automaker. Hyundai workers already staged partial strikes this week, with employees on the day and night shifts each walking off the job for four hours a day from Monday through Wednesday after failing to reach a wage agreement with the company, according to the union. The union plans to stage four-hour strikes during their respective shifts from Wednesday to next Friday, marking its third round of walkouts this year. The two sides have held 15 rounds of wage negotiations this year but have failed to narrow their differences over pay. The 40,000-member union is demanding a 149,600-won increase in monthly base pay and a performance-based bonus equivalent to 30 percent of the company's net profit for last year. The maker of Sonata sedans and Palisade sport utility vehicles (SUVs) posted a net profit of 10.36 trillion won ($7.07 billion) last year. The company, however, has offered an 80,000-won increase in

Hyundai Motor's union said Thursday its workers will extend their partial strikes next week in a bid to secure higher wages, raising concerns over production disruptions at Korea's largest automaker. Hyundai workers already staged partial strikes this week, with employees on the day and night shifts each walking off the job for two hours from Monday through Wednesday after failing to reach a wage agreement with the company, a union spokesperson said. The spokesperson said union members will stage four-hour strikes during their respective shifts from July 20 to 22 in the union's second round of walkouts this year. The two sides have held 15 rounds of wage negotiations this year but have failed to narrow their differences over pay. The 39,668-member union is demanding a 149,600-won increase in monthly base pay and performance-based pay equivalent to 30 percent of the company's net profit for last year. The maker of Sonata sedans and Palisade sport utility vehicles posted a net profit of 10.36 trillion won last year. The company, however, has offered an 80,000-won increase in monthly base pay

The labor union of Hyundai Motor began a three-day partial strike on Monday, raising concerns over production disruptions at Korea's largest automaker. Workers on the daytime and evening shifts will each stop work for two hours from Monday through Wednesday after management and the union failed to reach a collective bargaining agreement, the company said in a regulatory filing. It marks the union's first walkout of the year and the second consecutive year of strike action. The two sides have held 15 rounds of wage negotiations this year but have failed to narrow their differences over pay. The company has offered an 80,000-won ($53.2) increase in monthly base pay, a performance bonus equivalent to 350 percent of monthly salary plus 10 million won, and 15 shares of company stock. The union is reportedly demanding a larger wage increase and performance-based pay equivalent to 30 percent of the company's net profit for last year.