The Hyundai Motor labor union has announced a stalemate in this year's wage negotiations, prompting the initiation of strike procedures.
On June 12, the company and union held their 11th negotiation session at the Ulsan plant headquarters but failed to reach an agreement, leading to the declaration of a stalemate.
The union explained that the management repeatedly stated it was "difficult" without presenting any proposals regarding wages.
The union is demanding a basic salary increase of 149,600 won (excluding seniority raises) and a performance bonus equivalent to 30% of last year's net profit. Additionally, they are seeking job security guarantees related to the introduction of artificial intelligence (AI), implementation of a full salary system, an increase in bonuses from 750% to 800%, extension of retirement age, and new hiring.
Following the stalemate declaration, the union plans to file for dispute mediation with the Central Labor Relations Commission on June 15. They will hold a temporary delegate meeting on June 23 to determine the direction of the strike and conduct a strike vote among all members around June 25.
If the Central Labor Relations Commission determines that the differences between the two sides are significant and decides to halt mediation, the union can legally strike if more than half of the members vote in favor.
Last year's negotiations concluded after the union conducted three partial strikes.
* This article has been translated by AI.
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