Hyundai Motor Union Workers in South Korea Reject Wage Agreement

  • 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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