Hyundai workers walk off the job
The company logo of Hyundai Motor on a Santa Fe sport utility vehicle is seen through the window of a Hyundai dealership in Seoul, South Korea. Seoul - Union members at Hyundai Motor staged a partial strike on Tuesday that cost the automaker 43.5 billion won ($39-million) in lost output, with plans for another work stoppage tomorrow before resuming wage negotiations. The four-hour walkout by the Seoul-based company’s 45 000 union members resulted in lost production of 2 106 vehicles, according to an e-mail from South Korea’s largest automaker.
Stalled wage talks at Hyundai Motor last year led to the costliest walkout in its history, before management agreed to reduce working hours with two shorter day shifts. The workers have gone on strike in 22 of the past 26 years.
Hyundai declined 2.4 percent, the biggest fall since August 7, to 229,000 won at the close in Seoul. Affiliate Kia Motors fell 1.9 percent to 61,700 won.
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