SEOUL: Hyundai Motor's South Korean labour union said its members voted on Wednesday to approve strike action over stalled wage negotiations, raising the prospect of production disruptions at the country's top automaker.Union representatives had pledged to discuss strike plans if an agreement was not reached during government-mediated talks on Wednesday, a union spokesperson said. The union is demanding a 149,600 won ($96.82) increase in base monthly pay and a performance bonus equal to 30% of last year's net profit. It is also seeking guarantees on employment and working conditions related to the use of AI, among other issues. The move comes as workers press for larger payouts after Samsung Electronics agreed to distribute 10.5% of operating profit to its South Korean chip employees as performance pay.
Hyundai Motor's South Korean union approves strike action over stalled wage talks
Hyundai Motor's South Korean union members have voted to authorize a strike, signaling potential production halts. This action stems from unresolved wage talks, with the union demanding a significant base pay increase and a substantial performance bonus. They are also seeking assurances on employment and working conditions concerning AI integration, mirroring recent profit-sharing moves by other major tech firms.
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