GM Korea, Kia agree wages with unions – Auto Information by Automobilnews.eu

GM Korea, Kia agree wages with unions

Normal Motors’ South Korean manufacturing subsidiary, GM Korea, has reached a wage settlement with its labour union following months of protracted negotiations.

The automaker’s labour union confirmed on Tuesday that round 65% of its members have voted in favour of a revised wage proposal for the yr after fifteen rounds of wage negotiations since Might.

Staff accepted the provide of extra advantages corresponding to present vouchers and coupons on high of the KRW30,000 (US$26) month-to-month wage rise and a KRW4.5m (US$3,850) annual bonus beforehand provided beforehand by the administration.

GM Korea stated in a press release “with this constructive momentum, we will proceed our ongoing enterprise normalization efforts”. In response to union calls for for the discharge of auto manufacturing plans, the corporate stated “it’s onerous to vow any manufacturing plans for now”.

GM Korea has three automobile meeting crops in South Korea with a mixed manufacturing capability of 630,000 items per yr. Its world gross sales within the first seven months of 2021 fellby 13% to 173,998 autos.

In a separate report Kia Company’s labor union this week additionally agreed to a wage proposal,with out resorting to strikes for the primary time in a decade. The proposal, which remains to be topic to a members vote on Friday, features a KRW75,000(US$64) month-to-month wage rise and an annual bonus equal of 200% of the month-to-month wage and extra bonuses value KRW5.8m (US$4,970).

GM Korea, Kia agree wages with unions – Auto Information by Automobilnews.eu


To Top