Hyundai Motor Union Declares Wage Talks Failed, Schedules Strike Vote

The labor union at Hyundai Motor has declared wage negotiations a failure, signaling a move towards a potential strike. The union announced the breakdown of talks during the 11th negotiation session held at the Ulsan plant headquarters on June 12. Union officials expressed frustration, stating that the company repeatedly cited difficulties despite achieving record-high business performance.

According to the union, the company's refusal to accept their comprehensive proposal demonstrated a lack of genuine willingness to negotiate. The union plans to file for labor dispute mediation with the National Labor Relations Commission on June 15. Subsequently, an extraordinary delegate assembly will be convened on June 23 to formally resolve on taking industrial action.

The culmination of this process will be a strike vote among all union members on June 25. If the National Labor Relations Commission deems the gap between the labor and management too wide and suspends mediation, and if a majority of union members vote in favor of a strike, the union will secure the legal right to strike. Key demands from the union include a monthly base wage increase of 149,600 won (excluding seniority increments), a performance bonus equivalent to 30% of last year's net profit, and guarantees for employment and working conditions related to artificial intelligence.