Preliminary Agreement on Hyundai Motor Wage Negotiations: There is considerable dissatisfaction that it falls short of union members' expectations
On August 24, the Hyundai Motor Union reached a tentative agreement with management on the 2026 wage negotiations. A ratification vote by union members is scheduled for Monday, August 31. The tentative agreement includes a 100,000 won increase in base pay (including step-up raises), a performance b…