Following a tumultuous four months, it appears Hyundai and its labor union have buried the hatchet. According to a report by the Associated Press, the Korean automaker and its labor union have struck an accord that will end the company's first strike in four years. The deal between the two parties, which will be put to a vote of 40,000 unionized workers on September 3, would eliminate night shifts and increase workers' wages.
The strike, which started in July, has resulted in the loss of $1.4 billion in potential output.
Autoblog , Hyundai comes to terms with Korean union, Hyundai comes to terms with Korean union
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