Arab Today, arab today hyundai kia unions managements set to clash over new wage system
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Hyundai, Kia unions, managements set to clash over new wage system

Arab Today, arab today

Arab Today, arab today Hyundai, Kia unions, managements set to clash over new wage system

Seoul - Yonhap

Workers of Hyundai Motor Co. and its smaller affiliate Kia Motors Inc. are set to haggle with their managements over a new wage system that could inflict a huge financial burden on the world's fifth-largest automaking group, industry sources said Thursday. Last year, the country's Supreme Court made a landmark ruling on a prolonged dispute over the so-called "ordinary wage" saying that non-monthly bonuses, if paid out regularly, constitute part of the ordinary wages. Ordinary wages refer to a fixed amount paid to an employee on a regular basis and are used as the basis for calculating certain employee benefits, such as overtime pay, paid annual leave, severance pay and other allowances.

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Arab Today, arab today hyundai kia unions managements set to clash over new wage system Arab Today, arab today hyundai kia unions managements set to clash over new wage system

 



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