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The Hyundai Motor Union released news on September 1 that all 39,600 members voted on this year's preliminary agreement on wage negotiations. A total of 31,200 people participated in the voting. Of these, 192,000 voted in favor, and the agreement passed with an approval rate of 61.55%. The main elements of the agreement include: increasing the basic monthly salary by 100,000 won; issuing a performance bonus equal to 400% of the monthly salary and paying an additional 12.7 million won; employees will receive benefits such as 15 shares of the company, 500,000 won worth of benefit points, and a 200,000 won increase in summer vacation allowances. The management also agreed to recruit 500 new production employees between the second half of 2027 and 2028.
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The Hyundai Motor Union released news on September 1 that all 39,600 members voted on this year's preliminary agreement on wage negotiations. A total of 31,200 people participated in the voting. Of these, 192,000 voted in favor, and the agreement passed with an approval rate of 61.55%. The main elements of the agreement include: increasing the basic monthly salary by 100,000 won; issuing a performance bonus equal to 400% of the monthly salary and paying an additional 12.7 million won; employees will receive benefits such as 15 shares of the company, 500,000 won worth of benefit points, and a 200,000 won increase in summer vacation allowances. The management also agreed to recruit 500 new production employees between the second half of 2027 and 2028.
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