Published : 2013-09-06 21:14
Updated : 2013-09-06 21:14
The labor and management of South Korea’s largest carmaker Hyundai Motor Co. tentatively agreed Thursday on a wage deal, putting an end to the ongoing strike.
During a new round of negotiations, the two sides narrowed their differences and came up with an interim agreement, which will be put to vote on next Monday.
The agreement came after 25 rounds of negotiations over a wage hike and other labor issues that lasted for the past 101 days.
Upon the beginning of the talks, Hyundai’s unionized workers went on a partial strike early Thursday. It marked the 10th time that Hyundai’s 46,000 unionized workers have downed their tools since mid-August.
“All workers will go back to work starting tomorrow, ending the strike,” a Hyundai official said, adding that the agreement is expected to be approved by vote. (Yonhap News)