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 […]