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Hyundai and workers reach initial salary deal


South Korea’s largest automaker has seen its shares slump to a new low this past weeks, as the company announced a huge $10 billion deal to buy a prized land lot in Seoul and the workers started a partial strike in retaliation. Now, Hyundai’s shares climbed the most over the past two weeks as the company announced it reached a preliminary ...
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More wage articles

Germany: VW workers mull increase above inflation of salaries
Europe’s largest automotive market is also home to some of the most important carmakers in the world. The highly regulated workforce law has allowed German workers to have among the ...
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 ...
Toyota to raise wages for the first time since 2008
As Japan’s largest company and the biggest automaker in the world is forecasted to reach record profits in 2014, Toyota has finally gave in to union requests in its home ...
Japan: Toyota says union salary demand “surprisingly high”
Toyota, which is the world’s largest manufacturer and also Japan’s biggest employer, said that during this year’s annual union talks, the asked wage increases were “surprisingly high.” Senior Managing Officer Naoki ...
US: Chinese BYD settles California wage dispute
China's BYD – the automaker backed by Warren Buffet’s Berkshire Hathaway, said it has agreed to pay a fine to settle a California case over wage payments which put the ...
Report: Toyota’s labor federation to ask for better wages
According to Japanese media reports, Toyota Motor Corp group's labor federation will push for a unified rise in base wages, a major step towards permanent wage increases that will be ...
GM’s Workers in South Korea Stage Partial Strike on July 4th
GM’s workers in South Korea announced a partial strike on July 4th, due to disputes regarding production plans and wages. The annual wage talks started in April, but GM and the ...
Opel Unions Refuse Wage Freeze in Germany
German trade union IG Metall said it refuses to accept GM’s demands to freeze wages for employees at its loss-making Opel division. "This would mean that Opel would not fulfill the ...

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