GM Korea's management and union reached a tentative wage agreement after 17 rounds of talks and recent strikes. The deal includes a 92,000 won monthly base wage hike, a 15 million won bonus package, and a commitment to assign new vehicle models to South Korean plants by Q3 next year. Union members will vote on the agreement.
GM Korea's labor union extended its partial strike this week as wage negotiations remain deadlocked. Workers demand a monthly pay increase, performance-based pay, and new vehicle production allocation to domestic plants.
GM Korea reported a 6.6% increase in global vehicle sales for June, reaching 48,134 units. The growth was primarily fueled by robust overseas demand for SUVs like the Trax Crossover and Trailblazer, while domestic sales saw a significant drop.
GM Korea reported a 5.9% year-on-year decline in sales for May, selling 47,081 vehicles. The drop was attributed to weak demand both domestically, where sales fell 42.6%, and internationally, with exports down 4.8%.
GM Korea announced a 14.7 percent increase in total vehicle sales for April, reaching 47,760 units. While domestic sales fell, robust export demand for the Chevrolet Trax and Trailblazer models fueled the overall growth.
CHANGWON, South Korea, April 30 (Yonhap) -- GM Korea Co., the South Korean unit ...
