Kia has navigated around a potential strike by organized labor in Korea. According to Automotive News, the manufacturer joined GM Korea and Ssangyong Motor Company in reaching agreements with the companies' workers for better pay, pending a "yea" vote by employees. Kia workers successfully negotiated a 5.2 percent wage increase as well as bonus pay worth over $6,600 at current conversion rates. In addition, each worker will be granted 80 shares in the company. GM Korea, meanwhile agreed to give its employees a 4.7 percent wage increase as well as record-level bonuses.
Autoblog, Kia avoids costly strike in Korea
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