ID :
101246
Wed, 01/20/2010 - 02:36
Auther :
Shortlink :
https://www.oananews.org//node/101246
The shortlink copeid
Kia Motors' labor, management reach wage deal
SEOUL, Jan. 19 (Yonhap) -- Kia Motors Corp. said Tuesday that its labor and
management have reached a tentative wage deal, a last-minute agreement that would
avert a full-scale strike at South Korea's second-largest automaker.
Under the tentative deal, subject to approval by ordinary unionists in a vote
later, the management agreed to pay a special bonus worth 300 percent of
employees' basic monthly pay and a cash bonus of 5 million won (about US$4,350).
Following the agreement, unionized workers canceled their plan to stage a
full-scale strike and returned to work late Tuesday night, company officials
said.
The vote to approve the wage deal is scheduled to be held on Thursday, they added.
(END)
management have reached a tentative wage deal, a last-minute agreement that would
avert a full-scale strike at South Korea's second-largest automaker.
Under the tentative deal, subject to approval by ordinary unionists in a vote
later, the management agreed to pay a special bonus worth 300 percent of
employees' basic monthly pay and a cash bonus of 5 million won (about US$4,350).
Following the agreement, unionized workers canceled their plan to stage a
full-scale strike and returned to work late Tuesday night, company officials
said.
The vote to approve the wage deal is scheduled to be held on Thursday, they added.
(END)
