Hyundai Motor's South Korean union reached a tentative labor agreement with management. This deal averts further production losses after the company's longest strike in a decade. The tentative agreement includes a base salary increase and performance bonuses for workers. Union members will vote on the labor deal on Monday for approval. Hyundai plans to discuss job security concerns regarding automation and artificial intelligence.

Hyundai union resumes wage talks after first full-day strike in a decade amid job security concerns and demands for higher pay and retirement benefits. Read more at…

SEOUL, Aug 24 — The union representing workers at South Korean automaker Hyundai Motor said today it had resumed wage talks with management after staging its first full-day...