Hyundai Motor′s labor union said, ＂This year′s wage and collective agreement must realize the extension of retirement age.＂

Hyundai Motor's labor union said, "This year's wage and collective agreement must realize the extension of retirement age.": COMPANY / Reporter Paul Lee / 2023-04-18 17:11:36

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

(사진=현대차)

[Alpha Biz=(Chicago) Reporter Paul Lee] Hyundai Motor's labor union seems to be trying to draw a substantial extension of the retirement age this year, even if it goes on strike.

Hyundai Motor's labor-management wage and collective agreement, which was concluded without a four-year dispute until last year, is expected to suffer severely this year due to the variable of "extended retirement."

According to industry sources on the 18th, Hyundai Motor's labor union conducted a survey of some 400 expanded executives at the end of last month to prepare for collective bargaining in 2023. The union annually organizes collective bargaining topics with the management, reflecting the opinions of expanded executives.

In response, the union has set a policy to demand compensation proportional to performance as the top agenda for wage and collective negotiations this year. Hyundai Motors is expected to record its best performance in the first quarter of this year following last year.