The Hyundai Motor labor union declared a breakdown in wage talks and will proceed with strike procedures.

The Hyundai Motor union said on the 12th that at the 11th round of negotiations, management presented a comprehensive offer covering 12 items, including wages, but the union rejected it and declared the talks broken off.

Hyundai Motor labor and management hold a kickoff meeting for this year's wage talks, including the scale of wage increases, at the Ulsan plant on the 6th of last month./Courtesy of Hyundai Motor

The union claimed, "Management is evading responsibility despite having ample capacity to pay based on record performance." Although labor-management talks have broken down, working-level consultations will continue.

With the talks collapsed, the union decided to enter dispute procedures, including filing for mediation of industrial action with the Central Labor Relations Commission on the 15th. At an extraordinary delegates' meeting on the 23rd, it plans to decide the direction of a strike and the schedule for a strike ballot.

The union is demanding an increase of 149,600 won in base pay this year (excluding seniority step raises), a performance bonus equal to 30% of last year's net profit, a fully monthly salary system, and a raise in bonuses from 750% to 800%.

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