July 31, 2014 / 6:50 AM / in 4 years

GM South Korean workers approve wage deal, avert strike

SEOUL, July 31 (Reuters) - General Motors’ South Korean workers narrowly voted in favour of wage deal on Thursday, avoiding a strike for the first time in four years at one of the U.S. automaker’s key Asian production bases.

On Monday, GM Korea agreed to pay a combined 10.5 million won ($10,200) in bonuses and incentives to each worker and raise the basic wage by 3.3 percent, while agreeing to change its wage structure.

As part of the annual pact, GM Korea also reversed an earlier decision to not make the next-generation Chevrolet Cruze in Korea.

A total of 55 percent of GM Korean workers approved the deal. (Reporting by Hyunjoo Jin; Editing by Miral Fahmy)

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