Hyundai, Kia labor unions vote to strike after pay-rise talks collapse
APSEOUL -- Labor unions at Hyundai Motor and its affiliate Kia Motors say workers voted to strike after talks with management for increased pay and benefits collapsed.
August 15, 2013, 11:46 am TWN
Hyundai union spokesman Kwon Oh-il said Wednesday that management refused all demands by the union during three months of annual talks. The union wants workers to get improved benefits, an increase in base income and bonuses and more medical support.
Kwon said 46,000 Hyundai workers will determine the extent of the strike early next week. Kia's 30,000 workers are taking a similar step.
Hyundai and Kia have been plagued by disputes with their unions for the past two years.
Hyundai's latest earnings were hit by the union's refusal to work overtime early this year and the rising popularity of foreign cars in South Korea.