GM Korea Employees Approve Wage and CBA Agreement
The company and its union held 31 rounds of 2012 wage and CBA negotiations starting with a kick-off meeting on May 17.
The agreement includes a monthly base wage increase of KRW 95,000, a lump-sum payment of KRW 3 million to be paid upon ratification of the agreement, a payment of KRW 6 million in performance pay to be paid at the end of the year and several improvements in the employment structure such as the implementation of back-to-back 2 shift work system.
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This news is a press release provided by GM Korea Company.