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Hyundai strike called off

2012-09-04 10:16

SEOUL, South Korea — Hyundai Motor's labour union has voted to accept a deal for increased pay and the elimination of night shifts, ending one of the costliest strikes yet at South Korea's largest automaker.

The union said on September 4 2012 that 53% of more than 41 000 unionised workers voted to approve the deal that the union leaders and the company had hashed out the previous week.

FIRST IN 4 YEARS

The approval ends the first strike in four years at Hyundai, which resulted in $1.4-billion (R11.7-billion) of lost output according to the company's estimate.

The union staged walkouts that totalled 92 hours in July and August 2012, pressuring the company to eliminate night shifts during annual negotiations on wages and working conditions.

AP