Hyundai Clinches 12% Wage Hike Deal With South Korea Union: Report
Portfolio Pulse from Shivani Kumaresan
Hyundai Motor Company has secured a wage deal with its South Korean union, increasing annual pay by 12% and avoiding a potential strike. The deal comes amid strikes by the United Auto Workers against General Motors, Ford, and Stellantis. Hyundai has also launched a pilot program in Singapore to assist visually impaired individuals.
September 19, 2023 | 10:10 am
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NEGATIVE IMPACT
Ford is currently facing a strike by the United Auto Workers, which could disrupt its production and negatively impact its operations.
The ongoing strike by the United Auto Workers could disrupt Ford's production, leading to potential losses. This could negatively impact the company's operations and financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
General Motors is currently facing a strike by the United Auto Workers, which could disrupt its production and negatively impact its operations.
The ongoing strike by the United Auto Workers could disrupt General Motors' production, leading to potential losses. This could negatively impact the company's operations and financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
Stellantis is currently facing a strike by the United Auto Workers, which could disrupt its production and negatively impact its operations.
The ongoing strike by the United Auto Workers could disrupt Stellantis' production, leading to potential losses. This could negatively impact the company's operations and financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 50
NEUTRAL IMPACT
Hyundai's wage deal with its South Korean union could stabilize its production and boost employee morale. However, the wage increase might impact the company's operating costs.
The wage deal could prevent potential production losses due to strikes, which is positive for Hyundai. However, the 12% wage increase could lead to higher operating costs, which might negatively impact the company's profitability.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100