Kia Motors and its worker unions reached a brief wage deal earlier this week with out staging a strike amid the continued COVID-19 pandemic.
see imagesThis is the primary time that Kia will signal a wage settlement with out industrial operations.
The employees union of Kia Motors has voted for the primary time in 10 years to just accept the corporate’s wage proposals and not using a strike. According to an IANS report, the carmaker mentioned that 68 p.c of its 26,945 employees voted in favor of wages, together with a month-to-month primary wage of 75,000 gained ($64.30), a two-month wage enhance in performance-based pay. Is. 5.8 million in money bonus gained. The report additionally talked about that out of the 28,604-member union, greater than 1,600 didn’t take part.
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Wage settlement to be signed on Monday
The firm has rejected the union’s demand to boost the retirement age from the present 60 to 65, nonetheless, the corporate has reinstated the fired staff.
Automakers and labor unions reached a brief wage deal earlier this week with out staging a strike amid the continued COVID-19 pandemic. This is the primary time that Kia will signal a wage settlement with out industrial operations. They will signal the wage settlement on Monday.
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Last month, Hyundai Motor Company and its union signed this 12 months’s wage settlement and not using a strike for the third consecutive 12 months.
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With inputs from NDTV
