Hallo, this time we are going to talk about Latest Automotive News from headline GM Korea to renew talks with union, a 'optimistic sign'. Wish to know what sort of opinions? right here we now have summarized for you.
Newest Information : GM Korea to renew talks with union, a 'optimistic sign'
SEOUL — Common Motors’ South Korean unit stated it plans to renew wage talks with its labor union on Wednesday, sooner than anticipated, because it tries to chop prices on the loss-making operations and preserve its factories open.
Wage negotiations have been suspended this month after GM stated it might shut one in every of its factories in South Korea and resolve the destiny of the three remaining crops within the coming weeks — a choice that can rely upon the concessions it could possibly wrangle from the unions and the quantity of presidency assist it could possibly safe.
The resumption of talks underscores the intensifying stress on the unit’s labor union to make concessions to forestall GM’s exit from the nation, the place it employs 16,000 individuals.
The union, which has been holding protest rallies, had beforehand asserted that talks have been unlikely to renew earlier than mid-March until its calls for have been met.
“The union is unlikely to go militant. If they do not make concessions, this might put different factories in danger,” stated Lee Grasp-koo, a senior analysis fellow at Korea Institute for Industrial Economics & Commerce.
GM is proposing a base wage freeze and no bonuses this 12 months together with a suspension of some advantages akin to tuition for workers’ kids and gold medals for long-serving staff.
“We hope to make significant progress in future negotiations with our labor union … We see this as a optimistic sign,” a GM Korea spokesman stated of the resumption of talks.
Learn extra >
Overview : GM Korea to renew talks with union, a 'optimistic sign'
Thanks for studying the latest automotive news about GM Korea to renew talks with union, a 'optimistic sign', hopefully this data may be helpful and helpful for you.
Be sure that to maintain up-to-date on the latest auto news introduced by Vioz Network. See you on one other Information replace.