Hyundai Motor Workers Strike at All Three Domestic Plants

Source: WSJ

By IN-SOO NAM

SEOUL—More than three-quarters of the workforce of Hyundai Motor Co. walked off the job on Wednesday, disrupting output at South Korea’s largest auto maker for a fourth straight year.

Workers at all of the auto maker’s three domestic plants began an eight-hour strike early Wednesday morning after weeks of talks with management on wages and benefits broke down, and planned further strikes on Thursday and Friday.

“We won’t return to the negotiation table unless the company comes up with a better proposal,” union spokesman Hwang Ki-tae said.

The 48,000 union members of Hyundai’s 62,000-strong labor force overwhelmingly voted for strike plans earlier this month, adding to woes for the car maker already struggling with profit and sales declines.

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Hyundai Motor Co. vehicles bound for export await shipment at a port near the company’s Ulsan plant in Ulsan, South Korea. PHOTO: BLOOMBERG NEWS

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