Kia provisionally agrees to shorter hours, fatter paychecksManagement and labor of Kia Motors have reached a temporary agreement on shorter working hours and higher wages, the company said yesterday.
The agreement calls for removing the nighttime shift and instead introducing a two-shift daytime work system starting from March next year as a way of reducing working hours, Kia said in a statement. It also includes a hike of 98,000 won ($86.9), or 5.3 percent of its monthly-base wage, with additional bonuses.
A few weeks earlier, management and labor of Hyundai Motor concluded a similar compromise on wage hikes and fewer working hours. The two companies are flagships of Hyundai Motor Group, the world’s fifth-largest automotive group. The temporary agreement will be put to a vote of the members of the union tomorrow for approval.