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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 ...
The Detroit News is reporting that Hyundai has reached a tentative agreement with its labor union to end a strike that's lasted the better part of a month. The agreement calls for a 5.1-percent pay increase, which is well below the 9.1-percent increase workers went on strike to secure. The ...
As Volkswagen's supervisory board heads into a key meeting Wednesday, the future of CEO Bernd Pischetsrieder and his aggressive ForMotion restructuring plan is increasingly in doubt. Half of the supervisory board is made up of labor representatives, who are up in arms about Pischetsrieder's plan to ...