On July 2, Hyundai and the union held their 12th negotiation session at the Ulsan plant. This meeting came 20 days after the union declared a suspension of negotiations on June 12, demanding the company present a proposal.
During the session, Hyundai proposed a wage increase of 79,000 won per month, along with a bonus of 350% plus 9 million won and the distribution of 10 shares.
However, the labor union stated that this proposal does not meet the expectations of its members. Both parties plan to hold additional negotiations later this month.
The union is demanding an increase of 149,600 won in monthly wages (excluding seniority increases), a bonus equivalent to 30% of last year's net profit, and guarantees for employment and labor conditions related to artificial intelligence (AI).
Additionally, the union has submitted separate demands for the implementation of a full monthly salary system, an increase in bonuses from 750% to 800%, a reduction in working hours without increasing labor intensity, an extension of the retirement age linked to the national pension eligibility (up to 65 years), and the hiring of new employees.
Previously, during the 11th negotiation session, the company did not present a proposal. Consequently, the union held a central countermeasure committee meeting on June 30 and decided to refrain from overtime and Saturday work starting July 6.
* This article has been translated by AI.
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