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Hyundai, Kia labor unions vote to strike
Labor unions at Hyundai Motor and its affiliate Kia Motors said workers voted to strike after talks with management for increased pay and benefits collapsed
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abor unions at Hyundai Motor and its affiliate Kia Motors said workers voted to strike after talks with management for increased pay and benefits collapsed.
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, including 10 million won ($8,900) support to help children of unionized workers seek jobs instead of entering college, a 130,000 won ($116) increase in monthly base income, bigger bonuses and full reimbursement of medical expenses if workers are diagnosed with cancer.
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, which together form the world's fifth largest automaker, 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. European and U.S. carmakers lowered prices after free trade deals took effect.
