The Hyundai Motor Union (Metal Workers' Union Hyundai Branch) began voting on August 31 on a tentative agreement for this year's wage negotiations.
Voting started at 6 a.m. at the Ulsan, Jeonju, and Asan plants, as well as at the Namyang Research Center, involving approximately 39,000 union members.
If more than half of the total union members participate and a majority of those voting approve, this year's wage negotiations at Hyundai will be concluded.
Previously, Hyundai and the union reached a tentative agreement that includes a monthly base salary increase of 100,000 won, performance bonuses of 400% plus 12.7 million won, 15 shares of stock, 500,000 won in welfare points, and an increase of 200,000 won for summer vacation expenses, along with plans to hire 500 new technical (production) staff by 2028.
After the voting concludes, the ballots will be transported to the union office at the Ulsan plant, where counting will begin. The final results are expected to be announced later in the afternoon.
* This article has been translated by AI.
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