GM Korea Employees Approve Wage Agreement
The company and its union held 16 rounds of 2011 wage negotiations starting with a kick-off meeting on May 25. The agreement includes a KRW 78,828 basic monthly wage increase (including a KRW 11,651 salary class increase), an incentive of KRW 2.5 million to be paid upon ratification of the agreement, a KRW 4 million performance bonus (with half to be paid on August 1 and the other half to be paid at the end of the year), KRW 0.5 million to be paid at the end of the year if the company meets its quality target, and an improvement in the employment structure.
Website: http://media.gm-korea.co.kr
Contact
Corporate Communications
+82-2-755-4043
This news is a press release provided by GM Korea Company.