Hyundai Motor workers to go on strike | Inquirer Business

Hyundai Motor workers to go on strike

/ 12:30 PM August 22, 2014

Workers at South Korea’s largest automaker Hyundai Motor Co. will launch a limited strike Friday to press their demands for wage hikes, a union spokesman said.

The Hyundai Motor union plans to down tools for two hours in the morning and two hours again in the evening on Friday, union spokesman Hwang Ki-Tae told AFP.

The union has held 17 rounds of talks with management over the past two months, but has been unable to reach a compromise, he said.

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“Negotiations stalled on whether to count regular bonuses towards ordinary wages,” he said.

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This would increase workers’ incomes by an average 10 percent by increasing overtime pay, he added.

The union said its workers would also refuse to work overtime this weekend.

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The union voted for the strike on August 14, with 70 percent of 47,262 union members voting in favor of industrial action.

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The Supreme Court ruled in December last year that bonuses paid regularly should be considered as part of ordinary wages.

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The ordinary wages are used as the basis for setting allowances such as overtime pay, holiday shift pay and paid annual leave, as well as pension, according to the law.

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TAGS: Hyundai Motor Co., South Korea, Strike, wage hike

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