Hyundai Motor union approves 100,000-won monthly pay increase

  • Hyundai Motor union members approved this year's wage agreement with the company.
  • 100,000 won ($73) monthly base-pay increases and 400% performance bonuses were included.
  • 61.55% of 31,166 voting union members approved the agreement Monday.

Unionized workers at Hyundai Motor Co., South Korea's largest automaker, approved this year's wage agreement with the company. The deal raises monthly base pay by 100,000 won ($73) and includes performance bonuses equivalent to 400 percent of monthly pay. In Monday's ballot, 61.55 percent of the 31,166 union members who voted backed the agreement, the union said Tuesday.

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Hyundai Motor union approves 100,000-won monthly pay increase - CoinPost Terminal