GM Korea, labor union reach tentative wage deal
SEOUL, July 22 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., and its labor union reached a tentative wage deal on Thursday, one day after its unionized workers went on partial strike for higher pay.
The deal includes an increase of 30,000 won (US$26) in monthly base pay and a one-off bonus of 4.5 million won.
The wage agreement is subject to a vote by union members.
Unionized workers at GM Korea Co. launched a partial strike Wednesday to demand higher wages amid the protracted pandemic.
The union demanded a raise of 99,000 won in monthly base pay and a lump sum payment of over 10 million won in performance-related pay per person and a cash bonus.
South Korea's largest carmaker Hyundai Motor Co. and its labor reached a tentative wage deal Tuesday, averting a strike for the third consecutive year.
(END)
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
Ateez member Yunho throws first pitch at MLB match between Dodgers, Mets
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
S. Korea supports resolution backing U.N. membership of Palestine
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
Looming weekly closure of major hospitals feared to worsen medical service crisis
-
Yoon's approval rating sinks to lowest point since taking office
-
U.S. will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
-
(LEAD) Hybe to file complaint against sublabel executives over internal conflict
-
Looming weekly closure of major hospitals feared to worsen medical service crisis
-
Author of ADOR's 'internal document' refutes allegations of spinoff plot
-
S. Korea reports highest suicide rate, ultra fine dust level among OECD nations: data