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Investing.com -- Hyundai Motor (KS:005380) unionized workers have started a three-day partial strike in South Korea as labor negotiations stalled over wage demands and working conditions.
The union announced workers will stop production for two hours on Wednesday and Thursday, followed by a four-hour work stoppage on Friday.
The industrial action follows unsuccessful collective bargaining talks on Tuesday, where management’s revised offers on basic salary increases, bonuses, and other benefits failed to satisfy union demands.
Workers are seeking higher wages, reduced working hours, and an extension to the retirement age, according to the union statement posted online.
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