Kia Motors, union tentatively agree on wages, conditions
Kia Motors, the nation’s second-largest automaker, reached a tentative agreement with its labor union on wages and welfare conditions yesterday after 26 rounds of negotiations.
The company said the labor union accepted a 98,000 won monthly base pay rise offer and a guaranteed retirement age of 60. The affiliate of Hyundai Motor Group said members of the labor union will vote on Monday to approve the agreement. If more than half approve, the agreement will be officially signed.