Automotive News reports Hyundai is facing a strike in Korea. Workers lead by Moon Yong, the head of the company’s labor union, are threatening to take action unless they receive better pay and reduced work hours. Earlier this week, 70-percent of the 45,000-member union voted to give leaders the power to enact walkouts
Hyundai is already well aware of the damage that strikes can do – the company reportedly estimates labor disruptions between 1987 and 2008 cost it sales of around one million units worth approximately $10 billion. It’s been four years since unions staged a strike against Hyundai, and analysts attribute much of the automaker’s forward momentum to this period of relative calm.
Full story: Autoblog
