Over 40,000 Hyundai employees in South Korea ceased work through a strike action
Hyundai Motor Union Demands 4.5-Day Workweek and Bonus Based on Record Earnings
Hyundai Motor workers in South Korea are currently on a three-day strike, led by a union representing approximately 40,000 workers. The union is demanding a shorter workweek for Hyundai employees, a continuation of their efforts to improve working conditions.
The union's demand for a 4.5-day workweek is not the first time they have pushed for shorter work hours. In 2003, they secured a five-day workweek agreement with Hyundai, making the company one of the first in South Korea to offer a five-day workweek. Now, they are seeking a further reduction, aiming for a 4.5-day workweek.
The specific workweek length being demanded is a 4.5-day workweek, and the union has not specified a particular year for its implementation. The strike includes absences of two hours each day on Wednesday and Thursday, and four hours on Friday.
The union's demand for a 4.5-day workweek is part of a broader set of demands, which also includes increasing the retirement age from 60 to 64. The union's request for a bonus is based on record earnings in the U.S. by Hyundai. They are demanding a bonus equivalent to 30% of Hyundai's net profit in 2024.
Prior to 2003, most workers in South Korea were still working on Saturdays. In that year, Hyundai's union became one of the first in South Korea to secure a shorter workweek agreement. Hyundai Motor employees in South Korea are currently on a three-day strike, and at the time of the report, the company's response to these demands has not been met.
The union's demands are a significant reduction from the standard five-day workweek that was established in 2003. The union's demands for improved working conditions are not limited to the 4.5-day workweek. They have made similar demands in the past, reflecting their ongoing commitment to the well-being of Hyundai employees.
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