Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[THE INVESTOR] Company officials and union leaders at Renault Samsung Motors have reached a tentative agreement on the wage hike for workers, the company said on Sept. 6.
The agreement came after five official rounds of negotiations and nine working group meetings since July 11, and marks the second consecutive year of strikeless wage deals, according to the South Korean unit of the French automaker.
If the deal is approved, workers at Renault Samsung will add an additional 31,200 won (US$28.25) to their monthly salaries, while they will receive a lump sum payment of 4 million won each as a signing bonus and another 3 million won each to mark their successful launch of the new QM6 crossover SUV.
A vote by union members will be held for two days starting Wednesday.
“The deal is especially meaningful in that it has also established a culture of burden sharing by laborers when the company is facing difficulties and profit-sharing by the company when its performances are good,” the company said in a press release.
The strikeless deal at Renault Samsung comes in stark contrast to prolonged disputes at local industry leader Hyundai Motor.
(theinvestor@heraldcorp.com)
The agreement came after five official rounds of negotiations and nine working group meetings since July 11, and marks the second consecutive year of strikeless wage deals, according to the South Korean unit of the French automaker.
If the deal is approved, workers at Renault Samsung will add an additional 31,200 won (US$28.25) to their monthly salaries, while they will receive a lump sum payment of 4 million won each as a signing bonus and another 3 million won each to mark their successful launch of the new QM6 crossover SUV.
A vote by union members will be held for two days starting Wednesday.
“The deal is especially meaningful in that it has also established a culture of burden sharing by laborers when the company is facing difficulties and profit-sharing by the company when its performances are good,” the company said in a press release.
The strikeless deal at Renault Samsung comes in stark contrast to prolonged disputes at local industry leader Hyundai Motor.
(theinvestor@heraldcorp.com)
