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Hyundai Workers in S. Korea Overwhelmingly OK Strike

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Baku, September 11, AZERTAC

Workers at South Korea's largest automaker, Hyundai Motor, have voted to strike unless a deal is reached over a wage dispute, a union spokesman said Thursday.

Of the union's 48,585 members, some 89% took part in Wednesday's vote, with 78% supporting possible strike action, said spokesman Hwang Ki-Tae.

"Technically, the union is now able to launch a strike as early as Monday next week.

"However, we would like to reach a deal with management peacefully," Hwang said, adding negotiations would resume later Thursday.

The union is demanding a 7.84% wage hike, guaranteed job security until age 65, and wants 30% of the company's net profit put aside for bonus payments.

If the union goes on strike, it would mark the fourth straight year of industrial action at the automaker.

Hyundai Motor's second-quarter net profit plunged 23.8 percent from a year earlier to 1.79 trillion won ($1.55 billion), due to a strong won and increased competition at home and abroad in a global economic slowdown.

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