By Park Jin-hai
Hyundai Motor has organized a joint committee with its labor union to overhaul its wage system.
The committee, comprised of Hyundai Motor President Yoon Gap-han and union leader Lee Kyung-hoon as co-chairs, will deal with a broad range of wage issues including the thorny issue of inclusion of regular bonuses in ordinary wages.
It is part of the wage agreement reached last month.
Under the agreement, they will overhaul the company’s wage system by March next year.
They will discuss how to change the wage system after the Seoul Central District Court will hand out a ruling on a case pitting 23 union members against Hyundai Motor over ordinary wages on Nov. 7.
To press management to offer more concessions, unionized workers have staged six sporadic partial walkouts, costing the carmaker 910 billion won in lost output.