How much is the union demanding in base salary increase?

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The union is demanding a base salary increase of 149,600 won.

The labour union at Hyundai Motor has initiated a partial walkout, demanding a significant increase in base salary as negotiations with management have stalled. This industrial action began after the fifth round of discussions collapsed on July 8.
Base Salary Demand

The union's core demand includes a 149,600 won increase to the monthly base salary. This figure contrasts with management's proposal of an 89,000 won monthly base salary raise.
Other Union Demands

Beyond the base salary, the union is also seeking a performance bonus equivalent to 30 per cent of the previous year’s net profit, along with an additional 800 per cent bonus. Further points of contention include calls for an extension of the retirement age and the reinstatement of previously dismissed workers.
Management's Offer

Management's counter-offer comprised a monthly base salary increase of 89,000 won. This was coupled with a proposal for a performance bonus of 350 per cent of monthly base pay, an additional 10 million won, and the allocation of 15 company shares.
Impact of Industrial Action

The ongoing industrial action, which involves a four-hour daily work stoppage for both day and night shifts, is projected to cost the company approximately 200 billion won. The union has indicated that a decision on further actions will be made on Wednesday, following the conclusion of the current three-day strike.

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How much is the union demanding in base salary increase?

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