kia strike

Union works at Hyundai resumed walkout on Wednesday after failing to workout a deal with management. About 45,000 unionized workers had been requesting that South Korea's largest automaker increase wages, and they've also been urging to end the nightshifts that workers say are ...

Bloomberg reports Kia has missed analyst profit estimates for the second quarter after net income slipped to $965 million at current conversion rates. On average, analysts estimated the South Korean automaker would bring in somewhere around $1.1 billion, though Kia did see its revenue increase by ...

Automotive News reports Hyundai is facing a strike in Korea. Workers lead by Moon Yong, the head of the company's labor union, are threatening to take action unless they receive better pay and reduced work hours. Earlier this week, 70-percent of the 45,000-member union voted to give leaders the ...

Kia has navigated around a potential strike by organized labor in Korea. According to Automotive News, the manufacturer joined GM Korea and Ssangyong Motor Company in reaching agreements with the companies' workers for better pay, pending a "yea" vote by employees. Kia workers successfully ...

Hyundai and Kia are having a great 2011 so far, with sales numbers reaching new heights seemingly every month. The summer sun might disappear, however, as storm clouds appear to be looming on the South Korean horizon. According to Reuters, Hyundai's home market management is working with the ...