Hyundai Motor has experienced production disruption at its Korean manufacturing facilities due to strikes called by the labour union in its dispute over wages.
The Korea Herald newspaper said it faced a temporary halt in production when the main labour union held a total six-hour partial strike Thursday. The report said it is planning to stage a 12-hour strike Friday after failing to reach an agreement in wage talks.
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The newspaper noted this is the seventh consecutive year that union members of the automaker have staged strikes. The union walked out of the wage negotiations in late June, after Hyundai Motor proposed wage increases and bonuses which the union said fell short of expectations. The union is demanding a 5.3% increase in the basic monthly wage as well as performance pay amounting to 30% of the Hyundai Motor's 2017 net profit.
The labour union and the company will hold another round of wage talks on Friday afternoon with aims to reach a compromise before summer vacation starts at the end of this month, the report said.
The report added that the union is scheduled to hold a meeting to discuss whether to stage further strikes next week.
