Hyundai Motor Workers and Union Reach Tentative Agreement

As predicted, the unionized workers of Hyundai Motor reached a tentative agreement with management on wage hikes and working condition. This concluding a five-day strike although workers will finalize the contract in a vote on Monday.

Among the terms of the agreement:
Regular workers' wages will increase by $85 more per month.
The company will also build up a social contribution fund for the development of the region.

With regard to the five-day workweek issue (See June 30th Blog) Hyundai had already implemented the shortened working hour system since last September regardless of the government policy.

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