Post Tagged with: "wage"

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Hyundai Motor Group mulling new salary system for 2016

Hyundai Motor Group mulling new salary system for 2016

South-Korea based Hyundai Motor Group has announced plans to introduce a peak-wage system that will actually lower the salaries of existing employees as the group’s affiliates seek younger workers. Hyundai Motor Group is the parent umbrella of South Korea’s largest carmaker Hyundai Motor and has decided that retirement age of […]

Germany: IG Metall responds positive to 3% salary increase

Germany: IG Metall responds positive to 3% salary increase

The country’s largest trade union, IG Metall, recently approved a 3.4 percent wage hike for Germany’s southwest region, which is the home bases of automakers such as Daimler and Porsche. The union, which has a workforce representation of 3.7 million employees, previously proposed a 5.5 percent salary increase for the […]

US: UAW president wants increased salaries nut plans to help auto companies remain competitive

US: UAW president wants increased salaries nut plans to help auto companies remain competitive

United Auto Workers President Dennis Williams believes that if automakers decided not to hike base wages of their plant workers they would commit an “injustice” – building pressure for the Detroit Three’s approaching renegotiation of contracts later on this year. He added that even as the union plans to call […]

Daimler gives its CEO a pay raise of 1.4%

Daimler gives its CEO a pay raise of 1.4%

Chief executive officer Dieter Zetsche has received a salary upgrade of 1.4 percent from Germany’s Daimler after in 2014 the executive steered Mercedes-Benz, the world’s third largest luxury automaker, to record sales. Besides posting the delivery record, the German carmaker also managed to close the gap with its archrivals BMW […]