GM Korea Union Extends Partial Strike Amid Wage Standoff
Quick Look
- 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.
AI-generated summary
Why It Matters
The labor union of GM Korea, the South Korean unit of General Motors, is extending its partial strike due to a deadlock in wage negotiations.
The labor union of GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., said Tuesday it is extending its partial strike this week as wage negotiations with the company remain deadlocked.
Unionized workers again staged a four-hour walkout across all shifts from Tuesday to Wednesday, following a two-day partial strike last week, a union spokesperson said.
The union is demanding a 149,600-won (about US$100) increase in monthly base pay, 30 million won in performance-based pay for each worker and the allocation of new vehicle production to the company's domestic plants.
"The union will stage a strike if there is no progress in wage negotiations with the company on Wednesday," the spokesperson said.
GM Korea exports about 410,000 vehicles manufactured at its South Korean plants each year, about 85 percent of which are shipped to the United States.
The company's overall vehicle sales rose 10.5 percent from a year earlier to 275,523 units in the January-June period.
What to Watch
AI outlook — possibilities, not facts
The union will stage a strike if wage negotiations do not progress on Wednesday.
Likely · Within days
Open Questions
- What is GM Korea's counter-offer?
- What is the total impact on production?
