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Hyundai Motor, union strike tentative wage deal

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(Globalpost/GlobalPost)

SEOUL (Reuters) - Hyundai Motor Co <005380.KS> has reached a tentative wage deal with its South Korean labor union, a union spokesman said on Thursday.

Should the union approve the deal in a vote on Monday, Hyundai, the world's fifth-biggest carmaker along with affiliate Kia Motors <000270.KS>, should avoid further production losses. It had suffered a series of partial strikes.

(Reporting by Hyunjoo Jin; Editing by Michael Urquhart)

http://www.globalpost.com/dispatch/news/thomson-reuters/130905/hyundai-motor-union-strike-tentative-wage-deal