Hyundai Motor's labor union, which declared a breakdown in wage negotiations this year, will push for a labor dispute on July 5. All members of the union plans to hold a yes or no vote on July 7.
When the labor dispute is decided from the vote, the labor union forms a countermeasure committee. Afterwards, the union plans to come up with countermeasures such as further negotiations with the company.
Earlier on June 30, the union filed an application for dispute mediation to the National Labor Relations Commission. The National Labor Relations Commission will also hold two mediation meetings on July 8 and July 12 to attempt arbitration with the union and the company.
Hyundai Motor had 70,000 production disruptions in the first half of this year due to lack of semiconductors for vehicles. If the strike becomes a reality, the damage is expected to be even greater.
"The wage offered by the company is the highest level in the past three years and the incentive exceeds the final settlement amount last year," said Ha Eon-tae, president of Hyundai Motor. "As this amount of wages and incentives have been proposed, negotiations should be concluded this time."
Meanwhile, GM Korea has also failed to narrow the gap between labor unions and the company. GM Korea has suffered losses for seven consecutive years since 2014.
