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South Korea's Hyundai Motor union rejects tentative wage deal
[SEOUL] South Korean automaker Hyundai Motor's labour union said on Tuesday its members have rejected the tentative wage deal its leadership had agreed with management last week.
The union in a statement said 50.2 per cent of 45,008 voters rejected the deal as they deemed wage levels were inadequate compared with previous years' agreements, whereas 48.2 per cent accepted the terms. The remaining votes were invalid.
The voting took place on Friday with a turnout of 88 per cent, with the result tabulated early on Saturday.
The union said it will do its best to reach a new tentative wage deal within the year. Hyundai Motor said it will continue to engage in discussions with the union and hopes for an amicable agreement at the earliest time.