Hyundai Motor Company (OTC: HYMTF) has reportedly secured a wage deal with a union representing its South Korean workforce to increase annual pay by 12%.
The deal has avoided a possible strike and production losses at the company's biggest manufacturing base, according to a report by Reuters.
The union, with about 44,000 members, is one of the biggest in South Korea.
About 58.8% of the members voted to approve the wage deal. The main components of the ...