Korea GM Labor and Management Reach Tentative Agreement on 2019 Wage Negotiations

On the 16th, at the 'Chevrolet Trailblazer Media Showcase' held at Paradise City Chroma in Jung-gu, Incheon, Kaher Kazem, President of GM Korea, and Kim Seong-gap, Chairman of the GM Korea Labor Union, posed while holding hands. The Trailblazer is a sport utility vehicle (SUV) made by Chevrolet, equipped with a 1.2ℓ gasoline E-Turbo Prime engine and a 1.35ℓ gasoline E-Turbo engine. / Yeongjongdo - Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Kiho Sung] The labor and management of Korea GM reached a tentative agreement on the 2019 wage negotiation plan on the 25th.

According to the Korea GM labor union on the 26th, Korea GM prepared a tentative agreement on the 2019 wage negotiation on that day.

The tentative agreement included additional discount benefits ranging from 1 million to 3 million KRW per person by vehicle model when union members purchase new cars from Korea GM.

Accordingly, union members can receive discount benefits such as 3 million KRW for the Trailblazer, 3 million KRW for the Malibu, and 1 million KRW for the Spark through incentive vouchers provided by the company.

However, separate discussions will be held regarding lawsuits for damages filed by the company related to strikes.

The Korea GM labor union plans to conduct a vote among union members on the approval or disapproval of the wage negotiation plan on the 30th and 31st of this month. If the majority of voters approve the negotiation plan in the vote, the wage negotiation will be finalized.

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