{"id":131033,"date":"2026-08-25T05:26:12","date_gmt":"2026-08-25T05:26:12","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/131033\/"},"modified":"2026-08-25T05:26:12","modified_gmt":"2026-08-25T05:26:12","slug":"hyundai-motors-union-reaches-preliminary-wage-deal-averting-more-strikes","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/131033\/","title":{"rendered":"Hyundai Motor&#8217;s union reaches preliminary wage deal, averting more strikes"},"content":{"rendered":"<p><a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/hyundai-motor-india\" rel=\"nofollow noopener\">Hyundai Motor<\/a>&#8216;s South Korean union said on Tuesday it reached a tentative agreement with the company&#8217;s management, averting further production losses after its lengthiest walkout in a decade.<\/p>\n<p>Hyundai Motor shares were flat, \u200cwhile the \u2060broader market was \u2060down 2%. The labour deal is subject to approval by union members \u200bon Monday.<br \/>The union staged its first full strike in a decade \u200bon Friday, following a series of partial stoppages since July, demanding higher bonuses, an increase in the retirement age and job protections \u200bagainst artificial intelligence and automation.<\/p>\n<p>The tentative \u2060agreement includes \u200ca base salary increase of 4.1% plus a \u200bperformance bonus \u200bequivalent to 400% of base pay and additional \u2060payouts in cash and bonuses.<\/p>\n<p>The retirement age will \u200bbe extended from the current 60 upon amendment \u200bof a relevant law.<\/p>\n<p><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/1787635572_923_118783427.cms.png\" width=\"90%\"\/>Live Events<br \/>From next year until 2028, 500 new technical workers will be hired.<br \/>Regarding union demands on job security related to AI, the two sides agreed to discuss matters related to employment when it comes to rolling out \u200cnew businesses, according to the agreement seen by Reuters.Hyundai, which owns humanoid robot maker Boston Dynamics, has said \u200bit plans \u200bto deploy humanoid \u2060robots at its U.S. plant in Georgia from 2028, with the aim of expanding their use across its production sites.<\/p>\n<p>&#8220;Both parties recognize \u200bthat advanced technologies such as physical AI and robotics are essential part of the future of mobility,&#8221; Hyundai Motor said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"Hyundai Motor&#8216;s South Korean union said on Tuesday it reached a tentative agreement with the company&#8217;s management, averting&hellip;\n","protected":false},"author":2,"featured_media":131034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[66872,6483,295,702,3532,66873,33,66871,18426],"class_list":["post-131033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hyundai-motor","tag-ai-job-security","tag-humanoid-robots","tag-hyundai","tag-hyundai-motor","tag-performance-bonus","tag-retirement-age-increase","tag-south-korea","tag-union-agreement","tag-wage-deal"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/131033","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=131033"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/131033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/131034"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=131033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=131033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=131033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}