Hyundai’s Workers Vote to Strike for First Time in Five Years
- The timing and duration of the strike haven’t been decided
- Union seeks higher worker pay as Hyundai posts record profits
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Hyundai Motor Co.’s union workers voted to go on strike for the first time in five years, part of an effort to boost wages and raise the mandatory retirement age as inflation hits the South Korean economy.
A majority of the roughly 45,000 unionized workers at Hyundai voted to strike, officials said in a text message on Friday. The group, a branch of the Korean Metal Workers’ Union, will discuss when the strike will start and how long it will last on Aug. 30. In all, 97% of Hyundai’s union workers cast ballots, with 92% of them supporting the strike plan.