/ Hyundai, Industry, News / South Korea: Hyundai workers vote for strike

South Korea: Hyundai workers vote for strike

Linked In Share
South Korea: Hyundai workers vote for strike

For the third year in a row, after wage negotiations have faltered, Hyundai Motor’s South Korean union affiliated workers have voted in favor of a walk out.

The annual salary talks have broken down once more, but the vote to strike comes at a particularly sensible moment for the country’s largest automaker, which has been fighting recently with dropped earnings because of the nation’s fast rising currency that eats away export profits.

The industrial action is rumored to start as early as August 22, and seems to be a traditional negotiation measure. Hyundai, the fifth-largest global automaker together with its brother Kia Motors, has been hit by strikes in all but four of its 27 –year history. The company has estimated the actions have so far cost the automaker a total of 14.4 trillion Korean won ($14.1 billion) in lost vehicle production – even as the workers usually made up the difference later that year.

No less than 69.7% of the total unionized workforce of 47,262 people at Hyundai voted in favor of a strike, after negotiations started in early June came to a halt because of a dispute over the way base salaries should be calculated from now on.

Via Reuters

by Aurel Niculescu (my Google+) - Friday, August 15th, 2014 - filed under Hyundai, Industry, News. Image credit: .
Linked In Share
Related Articles
dispute south korea strike wage won workers


Discuss: South Korea: Hyundai workers vote for strike

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

US: record recall year – more than 60 million units
US: record recall year – more than 60 million unitsJust a few short days remain from 2014 and it will surely go down in history as the “auto safety crisis” year, with US ...
Rosberg overlooked in German sports awards
Rosberg overlooked in German sports awardsDec.22 (GMM/Inautonews.com) Nico Rosberg has been almost completely overlooked in this year's 68th running of the German ...
Mercedes rivals can develop engines in-season – reports
Mercedes rivals can develop engines in-season – reportsDec.22 (GMM/Inautonews.com) F1 engine suppliers Ferrari and Renault appear to have won a battle in the long-running 'freeze' ...
Verstappen debut ‘an insult’ – Villeneuve
Verstappen debut ‘an insult’ – VilleneuveDec.22 (GMM/Inautonews.com) Jacques Villeneuve says the forthcoming debut of F1's youngest ever race driver Max Verstappen is ...
Russia: Nissan endures sales fallout by stopping some models, increasing prices on others
Russia: Nissan endures sales fallout by stopping some models, increasing prices on othersJapan's Nissan and its French sibling Renault, according to the alliance’ chief executive officer Carlos Ghosn, is currently ...
Audi recruit adds more fuel to F1 rumours
Audi recruit adds more fuel to F1 rumoursDec.22 (GMM/Inautonews.com) Audi appears to be taking more steps towards a potential F1 foray in the near future. Rumours of a ...
Engineer says Ferrari shakeup ‘impressive’
Engineer says Ferrari shakeup ‘impressive’Dec.22 (GMM/Inautonews.com) To some, the 'restructuring' at Maranello in recent days and weeks has resembled Italian chaos. But ...
Alonso ‘just a spectator’ in F1 briefings
Alonso ‘just a spectator’ in F1 briefingsDec.22 (GMM/Inautonews.com) Fernando Alonso claims F1 drivers stay deliberately quiet in pre-race briefings chaired by Charlie ...
Ferrari ‘vetoed’ F1 boss role for Montezemolo
Ferrari ‘vetoed’ F1 boss role for MontezemoloDec.22 (GMM/Inautonews.com) More publications are reporting that Ferrari 'vetoed' F1's move to install Luca di Montezemolo as ...
Former F1 doctor attacks FIA over hospital visit
Former F1 doctor attacks FIA over hospital visitDec.22 (GMM/Inautonews.com) Former F1 doctor Gary Hartstein claims the FIA tried last week to have him fired from his day-job in ...
Alonso was ‘tired of Ferrari promises’ – Briatore
Alonso was ‘tired of Ferrari promises’ – BriatoreDec.22 (GMM/Inautonews.com) Fernando Alonso effectively decided to leave Ferrari more than a year ago. That is the claim of ...
Buemi stays as Red Bull reserve
Buemi stays as Red Bull reserveDec.22 (GMM/Inautonews.com) Sebastien Buemi is staying put as Red Bull's reserve driver. The 26-year-old has been the team's ...
Ricciardo confirms pay-rise for 2015
Ricciardo confirms pay-rise for 2015Dec.22 (GMM/Inautonews.com) Daniel Ricciardo looks set to get a pay-rise after his meteoric first season with Red ...
Caterham survival takes another step on Monday
Caterham survival takes another step on MondayDec.21 (GMM/Inautonews.com) The future of ailing F1 team Caterham will be decided on Monday. The backmarker team as well as ...
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 Ford Mondeo Hybrid 01
Mazda_tokyo_salon
audi_sound_Q7
hyundai_infotainment_carplay_android_auto
Rolls-Royce_Suhail
puritalia-4270
918_crash
Tacoma_teaser0
Ferrari_F12_PP
Lexus_F_teaser0
lamborghini aventador crash india 1
BMW M4 Coupe G-Power tuning 1

More automotive from inautonews
Just a few short days remain from 2014 and it will surely go down in history as the “auto safety crisis” year, with US recalls alone topping 60 million autos because of General Motors and Takata Corp. For the first time ever, US recall totals have already surpassed the 60 million threshold, ...
read more
Inautonews Editors Section
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: record recall year – more than 60 million unitsJust a few short days remain from 2014 and it will surely go down in history as the “auto safety ... [Video] Swedish magazine says new Mondeo is heavier than claimed, could be illegal to drive fully loadedTeknikens Värld, a Swedish magazine that became (in)famous back in 1997 for coining the Mercedes ...
Safety Section