Kia"s Labor and Management Sides Agree Not to Strike

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Kia"s Labor and Management Sides Agree Not to Strike

Kia's labor and management sides agreed on March 17 that they will not go strike until the management of the company is normalized.
The company announced that the two sides held a meeting and signed a letter of agreement.
They agreed on job security, a 500 percent bonus in 1999, the conclusion of wage raises in 1998 and rapid normalization of management.
The agreement will undoubtedly affect the possibility of strikes in other companies, ahead of the many strikes usually scheduled in spring, labor experts forecast.
Kia expects that the management and profits of the company will turn around due to the agreement and there will not be any strikes at least for three years, until 2001.
Hyeong Ki Kim,

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