GM’s South Korea workers approve wage deal, avoid strike

General Motors Co (GM.N) employees in South Korea voted in favor of a wage deal on Thursday, averting a strike for a second consecutive year in a country whose auto sector is renowned for industrial action.

A union spokesman told Reuters that 55 percent of workers approved a tentative deal reached on Monday, under which GM Korea would raise the basic monthly wage by 83,000 won ($71) and pay each worker 10.5 million won in bonuses and incentives.

The deal includes a plan to make next-generation Chevrolet Malibu sedans on a second production line at GM’s Bupyeong plant west of the capital Seoul, likely ending speculation of production at the plant being scaled back.

The union earlier this month said members refused to work overtime and staged a partial strike over pay, in action that did not affect production volume.

Sourced through Scoop.it from: www.reuters.com

See on Scoop.itAsian Labour Update

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