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Hyundai Motor's workers reject wage deal in labor union vote

All Headlines 09:24 August 27, 2016

SEOUL, Aug. 27 (Yonhap) -- Workers at South Korea's leading carmaker Hyundai Motor Co. have voted down a tentative wage-hike agreement, forcing their labor union to renegotiate the thorny issue, union officials said Saturday.

It marks the first time that the firm's unionized workers, currently totaling 49,665, have rejected such an annual pay deal, provisionally agreed, since 2008.

A total of 45,777 members participated in Thursday's vote and 35,727 of them, or 78.05 percent, were against the accord.

Earlier this week, the company management and union leaders struck a deal to raise the monthly base pay of an employee by 58,000 won (US$52). Each worker will also receive 350 percent of the base monthly payment and an additional 3.3 million won in performance incentives.

Many members of the labor union were apparently displeased with the wage hike rates.

It remains uncertain that a new wage agreement will be reached before the Chuseok holiday season in mid-September, the equivalent of Thanksgiving in the United States.

The unionized workers of Hyundai Motor have staged 14 rounds of partial walkouts since the wage talks began in July.

Their collective action has affected the production of 65,500 cars, worth 1.4 trillion won, company officials said.


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