Hyundai Motor's labor and management hold their first meeting for wage negotiations at the company's plant in Ulsan on May 6. [YONHAP]
As Korean companies struggle to fend off unions' demand to fix the company operating profit to employee bonuses, the Korea Enterprises Federation (KEF) wants domestic companies — and especially their unions — to take the example of Japanese carmaker Toyota and its "cooperative" relationship with its union.
In a report released Monday, the employers' coalition highlighted an unusual scene from Toyota's wage talks this year: the union, rather than management, pledging to raise productivity.
Related Article
"We are determined to raise fundamental productivity and connect our daily actions to clear results," said Keisuke Kito, chairman of the Toyota labor union, at a labor-management council in March.
