MOSCOW (Sputnik) — Hyundai Motor's unionized workers in South Korea will hold strikes from Thursday through Monday as they enter the sixth year of sit-in protests demanding a payment increase, local media reported Wednesday.
At the most recent strikes, which took place last week on Thursday and then again Monday, the union demanded an increase in their monthly salary by $135, as well as automatic annual pay hikes, and bonuses worth 30 percent of the company's revenue. The workers also requested that the car manufacturer secured their jobs regardless of changes in production and technologies. On Wednesday, management offered its employee's bonuses worth 200 percent of their monthly salary, in the form of an $878 reward, explaining that the company had been facing a decline in revenues.
Hyundai's monthly sales in China have been falling since March, reportedly due to growing anti-Korean sentiment, in light of China opposing the deployment of the US Terminal High Altitude Area Defense (THAAD) missile defense systems in neighboring South Korea.