Yonhap reported on the 6th that about 60 people attended, including Hyundai Motor CEO Choi Young-il, Korean Metal Workers’ Union Chairman Park Sang-man and Lee Jong-cheol, head of the union’s Hyundai Motor branch. The two sides exchanged greetings and discussed the direction and schedule for this year’s talks.
The union has already sent management its demands, including a 149,600 won increase in monthly base pay (excluding seniority-based step increases) and a performance bonus equal to 30% of last year’s net profit. It also called for guarantees on jobs and working conditions related to artificial intelligence.
Other demands include adopting a full monthly salary system, raising bonuses from 750% to 800%, shortening working hours without increasing work intensity, extending the retirement age in line with the start of National Pension benefits (up to 65), and hiring additional workers.
A tough bargaining process is expected again this year. Last year’s talks ended after the union staged three partial strikes. The agreement included a 100,000 won increase in monthly base pay (including step increases), a performance bonus of 450% plus 15.8 million won, 30 shares of stock and 200,000 won in traditional market gift certificates.
* This article has been translated by AI.
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