/ 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!

FIA to tackle cost problem after team failures
FIA to tackle cost problem after team failuresOct.31 (GMM/Inautonews.com) With Caterham and Marussia in the throes of failure, the governing FIA has admitted it is concerned ...
Forza Rossa still waiting for FIA approval
Forza Rossa still waiting for FIA approvalOct.31 (GMM/Inautonews.com) Forza Rossa, a Romanian project targeting a debut in formula one, has played down reports it has ...
Alonso keeps F1 guessing over future
Alonso keeps F1 guessing over futureOct.31 (GMM/Inautonews.com) Fernando Alonso is keeping the F1 paddock in the dark over his future, as a string of rival drivers ...
Russian billionaire buys Nurburgring
Russian billionaire buys NurburgringOct.31 (GMM/Inautonews.com) After the Capricorn deal fell through, a new owner for the German grand prix venue at the ...
Verstappen wants Vergne to be Toro Rosso teammate
Verstappen wants Vergne to be Toro Rosso teammateOct.31 (GMM/Inautonews.com) Max Verstappen says he would prefer to be Jean-Eric Vergne's teammate next year. Red Bull, the ...
Mercedes not ready to let drivers ‘off leash’
Mercedes not ready to let drivers ‘off leash’Oct.31 (GMM/Inautonews.com) Mercedes is not yet willing to let its drivers "off the leash" in their three-race fight for the ...
Caterham’s Ericsson set for Sauber switch
Caterham’s Ericsson set for Sauber switchOct.31 (GMM/Inautonews.com) Marcus Ericsson looks set to keep his formula one career alive by signing with Sauber for ...
Grosjean reveals Lotus exit clause
Grosjean reveals Lotus exit clauseOct.31 (GMM/Inautonews.com) Romain Grosjean has revealed an exit clause will allow him to walk away from Lotus at the end of the ...
Family denies Bianchi to leave Japan
Family denies Bianchi to leave JapanOct.31 (GMM/Inautonews.com) Jules Bianchi's family has denied reports the French driver could soon be transferred from the ...
Skoda Octavia RS Combi Diesel gets updated by mcchip-dkr
Skoda Octavia RS Combi Diesel gets updated by mcchip-dkrThe aftermarket specialists from mcchip-dkr have recently created an upgrade program for the diesel version of the new Skoda ...
Recall roundup: More than 200,000 Ford vehicles
Recall roundup: More than 200,000 Ford vehiclesFord has announced a recall which is covering more than 200,000 units because of a possible rusty fuel tank issue. A new recall ...
Lamborghini Huracan gets crashed in the Targa New Zealand Rally
Lamborghini Huracan gets crashed in the Targa New Zealand RallyA brand new Lamborghini Huracan has been crashed recently in the Targa New Zealand Rally. If you though that it is almost ...
Dacia Sandero RS with Renault badges looks good
Dacia Sandero RS with Renault badges looks goodA Dacia Sandero RS with Renault badges fitted to its body has been recently rendered and we have to admit that it looks way ...
Porsche Panamera Exclusive Series Edition goes official
Porsche Panamera Exclusive Series Edition goes officialPorsche has officially pulled the wraps off the Panamera Exclusive Series Edition which will be making its public debut at the ...
US: AAA says rear-view cameras can save lives
US: AAA says rear-view cameras can save livesWith winter approaching fast and the hours of light diminishing, pedestrian safety is among the concerns covered by recent AAA ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 Skoda Octavia RS Combi Diesel tuning mcchip-dkr 1
dacia sandero rs 1
Porsche Panamera Exclusive Series 1
mclaren p1 weird paintjob china romania flag 1
Troller-1
aston martin one-77 last produced 1
bmw i3 sr auto group wheels 1
2015 ford focus st uk 1
Hyundai HB20 R-Spec 1
Scion tC Release Series 90 1
Peugeot 208 Natural and 208 Urb Concepts 1
2015 nissan gt-r nismo 1

More automotive from inautonews
The aftermarket specialists from mcchip-dkr have recently created an upgrade program for the diesel version of the new Skoda Octavia Combi RS. The Skoda Octavia Combi RS Diesel can indeed become one hot ride and this is happening these days thanks to the German based tuning company called ...
read more
Inautonews Editors Section
Test Drive: Dacia Sandero Stepway 1.5 90 HP
Test Drive: Dacia Sandero Stepway 1.5 90 HPIf you live in Europe, you don’t need an introduction to Dacia anymore – this is the affordable Renault subsidiary that rocked the auto industry ...
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...

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 Recall roundup: More than 200,000 Ford vehiclesFord has announced a recall which is covering more than 200,000 units because of a possible rusty ... US: AAA says rear-view cameras can save livesWith winter approaching fast and the hours of light diminishing, pedestrian safety is among the ...
Safety Section