THE INVESTOR

메뉴열기
October 17, 2018

GM Korea workers OK annual wage deal

PUBLISHED : January 09, 2018 - 17:32

UPDATED : January 09, 2018 - 17:32

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms


[THE INVESTOR] Unionized workers at GM Korea on Jan. 9 accepted wage terms offered by the company, sealing long-drawn wage negotiations.

In a vote, 69.2 percent of 12,340 union members who cast ballots supported the tentative agreement signed by the company and the union last month, GM Korea said in a statement.

“The company has experienced significant challenges in 2017, which will continue in 2018,” GM Korea President and CEO Kaher Kazem said. “We are focused on turning our Korean business around, and it is our hope to develop a profitable and sustainable future for GM Korea.”

Under the agreed terms, GM Korea workers will receive an increase of 50,000 won (US$47) in basic monthly salary, a lump-sum payment of 6 million won ($5,600) on Feb. 14 and a 4.5 million won performance bonus on April 6, the statement said.

The company and its labor union agreed to commence wage negotiations for the year 2018 immediately to avoid any production losses and to seek profitability, it said.

By Alex Lee and newswires (alexlee@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.