South Korea: General Motors workers hold two day strike demanding higher wages

Author: Yonhap, The Korea Herald, Published on: 23 August 2019

 "GM Korea union enters partial strike for higher wages", 20 August 2019

Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., on Tuesday entered a two-day partial strike, demanding higher wages...

...GM Korea and its union have held seven rounds of talks since July 9 over wages for the year of 2019. The union demanded a 5.7 percent hike in basic salary, performance-based bonuses worth two and a half months of wages and a cash bonus worth 6.5 million won (US$5,400) per worker, which was rejected by the company...

..."At the outset of wage negotiations, the company explained that it is difficult to accept the union's requests for a salary increase and the payment of performance bonuses due to the unfavorable business environment both internally and externally and the fact that the company has not yet returned to profitability," the company said in a statement...

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Related companies: General Motors