Hyundai net income falls 11th straight quarter as strikes cut productionWed, 26, Oct 2016
Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won ($943 million) while net income fell for an 11th consecutive quarter to its lowest level in more than four years.
Hyundai group execs to take 10 percent pay cutTue, 25, Oct 2016
Hyundai Motor Group said about 1,000 of its executives will take a 10 percent pay cut, the first such move in seven years at South Korea's second-largest conglomerate that shows the harsh impact of market share woes and labor strife at its flagship firm.
Hyundai to resume wage talks with union in S. Korea after strikesTue, 11, Oct 2016
The union that represents most workers at Hyundai's South Korea factories plans to resume wage talks with management on Wednesday after months of strikes in the automaker's worst-ever industrial dispute, disrupting output at its key domestic production base.
Unifor has 'grave concerns' over 'major hurdle' in FCA talksMon, 10, Oct 2016
The union representing nearly 10,000 workers at three Fiat Chrysler Automobiles plants in Ontario said late Monday that it had hit "a major hurdle with FCA" during last-minute contract talks, ahead of a midnight strike deadline.