Hyundai Motor, S.Korean union reach tentative wage deal without strike

Credit: REUTERS/STEPHEN LAM

Hyundai Motor and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a union spokesman said on Wednesday.

SEOUL, Aug 28 (Reuters) - Hyundai Motor 005380.KS and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a union spokesman said on Wednesday.

The deal, which was reached around midnight on Tuesday, is subject to a vote by union members on Sept. 2.

(Reporting by Hyunjoo Jin Editing by Bill Rigby)

((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More