Think the UAW is the only labor union that's angling to give General Motors headaches in the near term? Guess again. GM employees in South Korea's highly unionized and strike-happy workforce have officially approved a strike action against the automaker as labor talks are set to begin.
UAW members have voted nearly unanimously in favor of authorizing a strike at the General Motors factory in Bowling Green, KY, home of the Chevrolet Corvette. As we explained yesterday, though, just because the plants 800 workers have authorized a walkout doesn't mean a strike is a sure thing.
According to Reuters, South Korea's labor unions may have reached a tentative deal with Hyundai following a compromise between the two sides on wages. Workers have staged a number of stoppages since August 20, which have cost the South Korean giant 1.02 trillion won – around $1.1B US. It also represents just over 50,000 units of production. That vehicle total sounds like a lot, but it's a small enough figure that Hyundai can apparently catch up with weekend and overtime shifts. We'd wager
A prolonged factory strike at Hyundai-Kia factories in South Korea could mean that US dealership inventory of certain vehicles, such as the South Korea-built Hyundai Accent and Kia Soul, could dry up in the coming months, depending on the length of the strike, reports Cars.com's blog, Kicking Tires. The two brands together rank sixth in US sales and fifth in global sales.
The Canadian Auto Workers union and Chrysler have reportedly come to a tentative agreement, ending a long-running series of contract negotiations. Chrysler was the last of the Detroit automakers to continue negotiating with the CAW, as General Motors and Ford had both recently come to terms with the union.
Following a tumultuous four months, it appears Hyundai and its labor union have buried the hatchet. According to a report by the Associated Press, the Korean automaker and its labor union have struck an accord that will end the company's first strike in four years.
Seven Colombian men, all former General Motors employees, have sewn their mouths shut as part of a hunger strike that is now in its third week. The demonstrators, stationed outside the U.S. embassy in Bogota, are protesting their termination from the GM Colmotores plant.
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 8.4 percent. The automaker said its less-than-estimated profit results came down to increased spending as the company strove to market its new Pride subcompact and K9 luxury sedan (a model that will be
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 power to enact walkouts. Hyundai is already well aware of the damage that strikes can do – the company reportedly estimates labor disruptions between 1987 and 2008 cost it sales of around one millio
TheDetroitBureau.com reports 5,000 Canadian Teamster union members moved to strike against the Canadian Pacific Railroad after last-minute negotiations failed to reach a fruitful agreement. As a result Chrysler, General Motors, Ford, Honda and Toyota have all seen their vehicle shipments bottlenecked. The railroad company has closed a full 15,000 miles of track across both Canada and the U.S., and the Canadian government has already threatened take action to put an end to the standoff. Those tra
The modern union movement was kick-started 75 years ago at a General Motors factory in Flint, MI. The workers staged a sit-down protest that eventually led to the formation of the first auto union contract. The United Auto Workers and President Bob King (middle) are looking to celebrate that big anniversary by, of course, hitting the streets in protest.
Automotive News reports that the United Auto Workers is close to ratifying a new labor agreement with Ford. The union says that 63 percent of its members have voted in favor of the four-year deal, and that a total of 15,862 workers had voted for the agreement. The UAW said that 9,375 ballots have been cast against the measure, and voting is set to close today.
The 2011 labor negotiations between the United Auto Workers and the Detroit Three have been a relatively quiet affair so far, but the story is a bit different on the other side of the globe. Toyota and the Australian Manufacturing Workers' Union aren't seeing eye to eye, which has lead to a strike at facilities in Melbourne and Sydney. Well, most of the union's rank and file are striking.