The union representing workers at South Korean automaker Hyundai Motor said on Monday it had resumed wage talks with management after staging its first full-day strike in a decade.<\/p>\n
The action at the country\u2019s largest carmaker on Friday saw around 40,000 employees walk off the job, according to union figures, after discussions over pay and retirement broke down.<\/p>\n
They have come against a backdrop of concerns over job security as artificial intelligence transforms South Korea\u2019s automotive industry, a pillar of the Asian nation\u2019s economy.<\/p>\n
A union representative confirmed to AFP on Monday that talks with management would restart from 2:00 pm.<\/p>\n
A planned four-hour walkout that day had been scrapped, but one slated for Tuesday may still take place, the representative said.<\/p>\n
\u201cWe will decide whether to stage a partial strike tomorrow depending on the outcome of today\u2019s negotiations,\u201d they said.<\/p>\n
The union has demanded a 149,000-won ($108) increase in the basic monthly salary, a 50 percent increase in bonuses and a hike in the retirement age.<\/p>\n
The workers have staged a total of 60 hours of strikes this year, causing estimated losses of around $1.6 billion, according to calculations by local news agency Newsis.<\/p>\n
Hyundai Motor told AFP that it could not \u201caccept the union\u2019s demands\u201d without a solid legal or rational basis.<\/p>\n
Hyundai posted record second-quarter revenue of 49.2 trillion won, although operating profit fell 20.8 percent on-year amid weaker sales.<\/p>\n","protected":false},"excerpt":{"rendered":"The union representing workers at South Korean automaker Hyundai Motor said on Monday it had resumed wage talks…\n","protected":false},"author":2,"featured_media":129836,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1137,32744,295,294,293,2285,19810,5385,808],"class_list":["post-129835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hyundai","tag-ai","tag-automobile","tag-hyundai","tag-hyundai-group","tag-hyundai-motor-group","tag-international","tag-mna","tag-skorea","tag-strike"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/129835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=129835"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/129835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/129836"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=129835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=129835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=129835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}