Kia workers OK wage deal without strike for 1st time in 10 years


Seoul, Aug 28 (IANS): Unionised workers at Kia, South Korea's second-biggest carmaker, have voted to accept the company's wage proposals without a strike for the first time in a decade.

Kia said 68 percent of 26,945 workers voted in favor of wage offers that include an increase of 75,000 won ($64.30) in monthly basic pay, two months of wages in performance-based pay and cash bonuses worth 5.8 million won.

More than 1,600 out of the 28,604-member union abstained, reports Yonhap news agency.

But Kia rejected the union's demand to extend the retirement age to 65 from the current 60 and reinstate fired workers.

The company and the member union reached a tentative wage deal early this week without staging a strike amid the pandemic.

It is the first time for Kia to sign a wage deal without industrial actions.

They are set to sign the wage agreement Monday.

Last month, its bigger affiliate Hyundai Motor Co. and its union signed this year's wage deal without strikes for the third consecutive year.

Hyundai Motor and Kia form Hyundai Motor Group, the world's fifth-largest automotive group.

 

 

  

Top Stories


Leave a Comment

Title: Kia workers OK wage deal without strike for 1st time in 10 years



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.