Kia provisionally agrees to shorter hours, fatter paychecks

Home > Business > Industry

print dictionary print

Kia provisionally agrees to shorter hours, fatter paychecks

Management 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.

Yonhap

More in Industry

EuCorVac-19 vaccine gets greenlight for trials

Tesla model to lose government subsidies

Jailed Lee vows to support Samsung compliance committee

Samsung Display will make display with higher refresh rate

Clean start to the Lunar New Year

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now