Hyundai Motor Union Plans Partial Strike in South Korea
By Kwanwoo Jun
Hyundai Motor's unionized workers are launching a three-day partial strike this week in South Korea to press for higher wages, reduced working hours and a retirement-age extension.
The South Korean automaker's 42,000-strong union said in a statement posted online that its members will down tools for two hours a day on Wednesday and Thursday, plus four hours on Friday.
The union's move came after the latest round of collective bargaining on Tuesday failed to produce an agreement. Revised management offers to raise the basic salary, bonus and other benefits still didn't meet workers' demands, the union said.
The union had previously demanded that the company increase the basic monthly wage by 141,300 won, equivalent to $101.23, utilize 30% of last year's net profit for special performance payments, reduce the work week to 4.5 days, and extend the retirement age to 64 from 60 currently.
The union last week conducted a vote on whether or not to strike, and 86% of voting members were in favor of going ahead with a walkout to press for the union's demands.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
September 02, 2025 22:48 ET (02:48 GMT)
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