Renault Korea union agrees wage deal after worker strike Seoul

Delhi Delhi. The management and union of Renault’s South Korean unit Renault Korea Motors have signed a wage agreement following a prolonged labour strike over wages and working conditions. Renault Korea’s unionised workers have been on a full-scale strike since September 13, demanding better wages and working conditions. According to the company, the labour union voted on whether to accept a tentative wage and collective bargaining agreement, with 50.5 per cent of members voting in favour, reports Yonhap news agency.

The package includes an 80,000 won (USD 59) hike in base salary and a performance incentive of 3 million won for the successful launch of the company’s mid-size SUV Grand Koleos. Following the wage agreement, Renault Korea said it is now able to focus more on the success of the Grand Koleos, which has been well received in the market, as well as on pursuing future projects. The Grand Koleos made a stellar sales debut by selling 3,900 units in its first month. The model was first unveiled at the Busan International Mobility Show in May, and was the top contributor to the company’s total sales of 4,980 units in September.