Hyundai Motor Union Workers in South Korea Reject Wage AgreementBy
Union workers reject wage deal for first time since 2008
Profit has declined for 10 consecutive quarters at Hyundai
Hyundai Motor Co.’s workers in South Korea rejected a tentative wage agreement reached between management and the union leadership, a move that may weigh on the automaker’s efforts to reverse 10 consecutive quarters of profit declines.
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