Labor union says 46,000 Hyundai workers to strike for four hours
APSEOUL -- Hyundai's labor union said 46,000 workers will stage a four-hour strike over two days this week as the union increases pressure on the automaker for higher wages and benefits.
August 21, 2013, 3:14 pm TWN
Union spokesman Kwon Oh-il said Tuesday that talks with Hyundai Motor Co. management had made little progress.
The union demanded increased wages and benefits during three months of annual negotiations. But the talks collapsed, and the union voted to strike for a second time in two years.
Another round of talks with Hyundai Motor Co. management is scheduled for Thursday. Kwon said there is almost no chance of a breakthrough.
Hyundai estimated it would lose production of about 2,100 vehicles worth 43.5 billion won (US$39 million) from the union's four hour strike and refusal to work overtime.
The union wants workers to get improved benefits, including 10 million won (US$8,900) support to help children of unionized workers seek jobs if they don't go to college, a 130,000 won (US$116) increase in monthly base income, bigger bonuses and full reimbursement of medical expenses if workers are diagnosed with cancer.