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Renault Samsung Reaches Tentative Wage Agreement

Write: 2019-05-16 09:33:11Update: 2019-05-16 11:28:44

Renault Samsung Reaches Tentative Wage Agreement

Photo : YONHAP News

Unionized workers at Renault Samsung Motors have reached a tentative wage agreement with management after eleven months of tough negotiations. 

Labor and management of the automaker said they reached a deal early Thursday after overnight marathon talks.

The union will hold a plenary session next Tuesday to put the deal to a vote. The tentative agreement includes paid leave and a hike in production incentive bonus.

Labor and management began negotiations in June of last year but had been in a severe dispute for about eleven months, with unionized workers staging partial walkouts 62 times.

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