Monday, January 29, 2007
Hyundai Motor Sues Its Labor Union Amid Dispute Over Bonuses
www.hrmeet.com - Jan' 07
Motor Co. recently took its labor union to court, seeking damages for production losses since late last month caused by a dispute over bonuses. The world's sixth-largest automaker is seeking damages totaling 1 bn won (US$1.07 mn; €820,000) from the union and 27 of its leaders, said spokesman Mr Jake Jang.
Though Hyundai has sought compensation from the union in the past over damage to facilities during labor unrest, the suit filed at the Ulsan District Court marks the first time it has sued to cover production losses, Mr Jang said. Hyundai Motor Co.'s union decided to end the strike on Wednesday after the company agreed to pay full bonus payments, officials said, resolving one of the latest obstacles facing South Korea's largest automaker. Hyundai agreed to pay the remainder of an agreed bonus of 1 1/2 months, but only after workers meet production goals.
Motor Co. recently took its labor union to court, seeking damages for production losses since late last month caused by a dispute over bonuses. The world's sixth-largest automaker is seeking damages totaling 1 bn won (US$1.07 mn; €820,000) from the union and 27 of its leaders, said spokesman Mr Jake Jang.
Though Hyundai has sought compensation from the union in the past over damage to facilities during labor unrest, the suit filed at the Ulsan District Court marks the first time it has sued to cover production losses, Mr Jang said. Hyundai Motor Co.'s union decided to end the strike on Wednesday after the company agreed to pay full bonus payments, officials said, resolving one of the latest obstacles facing South Korea's largest automaker. Hyundai agreed to pay the remainder of an agreed bonus of 1 1/2 months, but only after workers meet production goals.
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