Hyundai Motor(005380) labor and management will resume this year's wage talks after a little over 40 days. In response, the union decided to hold off on a partial strike.
Hyundai Motor labor and management said on the 14th they will resume wage talks on the 18th. It will be the first meeting in 41 days since the 15th round of talks was suspended on Aug. 8.
According to the union, Chief Executive Choi Young-il of Hyundai Motor visited the union office that day and asked to resume talks.
The union had planned a six-hour strike on the 18th, but decided to put it on hold as talks are resuming. The union has struck for a total of 44 hours so far.
However, if the resumed talks produce no results, the union is likely to go on strike again.
At Hyundai Motor, labor and management have been at odds over not only this year's wage increase but also a bonus increase, the reinstatement of members dismissed for illegal acts during past union activities, and an extension of the retirement age.