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Hyundai Motor reaches deal with labour union, uncertainty lingers

Published on August 30, 2012; Published on August 30, 2012

Topics :: Hyundai Motor , South Korea , SEOUL

SEOUL, South Korea - Hyundai Motor Co. said it has reached a preliminary agreement with its labour union to remove night shifts and increase wages.

South Korea's largest carmaker said it has agreed to scrap night shifts starting March 2013 and will invest $264 million in facilities to help it maintain the current level of output despite reduced working hours.

The agreement means workers will put a temporarily halt to limited strikes they have been staging since July.

But the union said it was uncertain whether workers would sign off on the deal next week when a vote is held Sept. 3.

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