GM Korea said on 9 that union members at GM Korea Company ratified a tentative agreement on 2016 Wage and CBA Negotiations reached on September 6.
The agreement was supported by 58.9 percent of 12,851 union members who voted.
Thirty rounds of negotiations had been held since April 26. The agreement includes a KRW 80,000 basic monthly wage increase, a lump-sum payment of KRW 6.5million to be paid upon ratification of the agreement and a KRW 4.5 million performance bonus to be paid at the end of the year. It also includes the company’s future development plans.
Having wrapped up an agreement before Chuseok holiday, GM Korea is fully focused on strengthening domestic sales of its popular Chevrolet lineup, including THE NEXT SPARK, the All-New Malibu and the Camaro SS. In the rest of 2016, the company will continue to endeavor to set a new annual sales record with its market leading products and mutual cooperation with the labor union.
by Kim, Song-Yi email@example.com
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