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Hyundai Motor reaches tentative wage deal with South Korean union

Published 29/09/2014, 15:47
© Reuters Kia cars are reflected in the Hyundai auto logo at a shipping yard in Pyeongtaek
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SEOUL (Reuters) - Hyundai Motor Co (KS:005380) on Monday reached a tentative wage deal with its South Korean labour union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes.

The agreement is subject to approval by union members in a vote on Wednesday.

© Reuters. Kia cars are reflected in the Hyundai auto logo at a shipping yard in Pyeongtaek

If approved, Monday's agreement will put an end to partial strikes by 47,000 unionized workers in South Korea that have this year prevented production of about 16,500 vehicles worth 330.2 billion Korean won (192.78 million pounds).

(Reporting by Hyunjoo Jin; Editing by Mark Potter)

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