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Kia Faces Turning Point on Strike Risk: Union Vote Scheduled for August 20

Business / Kim Jisun / 08/20/2024 09:43 AM

Photo = Hyundai Motor

 

[Alpha Biz= Reporter Kim Jisun] Kia is facing renewed strike risk amid unresolved labor disputes, contrasting with Hyundai's six consecutive years of conflict-free negotiations.

According to industry sources, Kia's union plans to conduct a strike vote among all members on August 20. Earlier, the union declared a breakdown in negotiations on August 8 and applied for mediation from the Central Labor Relations Commission (CLRC). If the CLRC's mediation fails and the union vote receives a majority in favor, Kia's union will gain the right to strike.

In a newsletter, the union warned, "If the company aims to conclude the labor-management negotiations at a level similar to Hyundai's results, it will face union resistance."

The union's demands for this year's negotiations include a basic salary increase of 159,800 won plus additional amounts (excluding seniority increments), a performance bonus of 30% of operating profit, and a special performance bonus of 2.4% of operating profit. The union is also seeking retirement age extension and reduction of working hours, similar to Hyundai's demands.

 

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)

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