Hyundai Motor union eyes strike after wage talks collapse
SEOUL (REUTERS) - Hyundai Motor Co's labour union in South Korea will vote next week on a strike action after failing to reach a deal on wages and benefits with management on Tuesday, a union spokesman said.
The potential walkout may cloud the outlook for Hyundai, which is struggling with slowing sales and tight supply at home, the United States and other markets.
"We declare the collapse of talks because there is little progress despite 18 rounds of negotiations since May 28," Mr Kwon Oh Il told Reuters.
He said union members at the automaker's biggest production base plan to vote on Aug 13 on the stoppage.