According to foreign media reports, the Hyundai Automobile Company Korean Trade Union stated on June 24 that after the company’s negotiations that increased wages and extended their retirement age with the company fell into a deadlock, the union members decided to take a strike through voting.
The union is one of the largest unions in South Korea and has more than 43,000 members. The union stated that nearly 90%of members have approved that if modern cars do not accept the requirements of the union, they will take strike.
The new strike will marked the first time in the past six years adopted a strike operation related to wage negotiations in the past six years, and may disrupt the production of some best -selling models in the country. Sales.
The union requires the basic monthly salary to increase at least 159,800 won ($ 115.14), and the performance salary is equivalent to 30%of the net profit of modern 2023. The union also requires raising the retirement age from 60 to 64. Because the expectations of Koreans are continuously extended, and retirement pensions are insufficient, which prompts them to work longer.
Relevant persons of modern automobile unions stated to foreign media: “If management is willing to change its position, we are willing to negotiate with them.” As of mid -June, the trade union had negotiated eight rounds of wages with management.
Hyundai Motor Securities Analyst CHANG MOONSU said: “Modern Automobile South Korean Trade Unions vote every year to support strikes, this year is no exception. However, this year’s trade unions may work harder than previous years, but because the company’s operating conditions are good, And the epidemic has long passed, so the union may work harder than previous years to request a higher reward. “
Analysts said that it is too early to judge whether the trade union will really launch a strike this year, but if the strike occurs, it will inevitably affect the short -term sales of modern vehicles, especially the sales volume of the best -selling models sold in the United States. The company’s largest revenue market.
Analysts also added that the management of modern vehicles may use the company’s new factories in the United States as a bargain bargaining chip because the factory helps reduce the dependence of modern Korean cars.