Hyundai union kicks it up a notch

Hyundai's South Korean autoworkers, 80 percent of which are unionized, want Hyundai to show them the money, and they want it now. Members of the Korean Confederation of Trade Unions employed by Hyundai are asking for a 9.1-percent increase in base pay as well as incentive payments, and they're stepping up their strike efforts to include longer work stoppages per day.

So far, the union says that Hyundai has lost $599 million and 41,250 units of output, and there are still big differences of opinion around the negotiating table.

[Source: Reuters via Automotive News]

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