Unionised workers at Kia Motors, an affiliate of Hyundai Motor where a seven-week strike has just been settled, said they would go on strike on Saturday to press for higher wages.

According to Reuters, the 23,500-strong union said it would hold another one-day strike on August 16 if the company did not accept demands by August 14 for an 11.1% pay rise and their working week reduced to five days from six.

“We will enter a struggle to realise all of our demands for 2003 wages, as well as a five-day work week,” the union reportedly said in a statement on Friday. “No one will come to work on August 9.”

Reuters noted that the Hyundai Motor union earlier this week won an 8.6% wage hike or 98,000 won a month, as well as bonuses and incentive payments – the rise was more than double South Korea’s annual inflation rate of 3.1%.

Kia’s union said they would hold partial strikes for two to four hours daily beginning on Monday, Reuters added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.