Hyundai Motor union in South Korea refuses tentative wage deal

South Korean automaker Hyundai Motor’s labor union stated on Tuesday its members have turned down the tentative wage deal its management had agreed with management recently.

The union in a statement stated 50.2 percent of 45,008 voters turned down the deal as they considered wage levels were inadequate compared to previous years’ agreements, while 48.2 percent accepted the terms. The remaining votes were not valid.

The ballot occurred on Friday with a turnout of 88 percent, with the outcome tabulated early on Saturday.

The union stated it will do its best to reach a new tentative wage deal in a year. Hyundai Motor said it will continue to take part in discussions with the union and expects a friendly agreement at the earliest time.