just-auto.com

SOUTH KOREA: Kia union ratifies wage deal

By just-auto.com editorial team | 30 September 2008

Workers at Hyundai Motor subsidiary Kia have accepted the company's revised wage offer.

"We are not fully satisfied with the company's offers but we hope to iron out differences with the company over time," a union spokesman Song Ho-Chang told Dow Jones Newswires.

He said 76.9% of 28,809 union members who cast votes agreed to accept the revised wage deal and 72.3% agreed to the revised collective deal for this year.

Kia workers had rejected an earlier preliminary agreement in a vote held earlier in September.

The company welcomed the deals, which came after four months of negotiations with its 29,800-strong union.

Hyundai Motor reached a deal with its union earlier in the month.