September 5, 2013 / 10:28 AM / in 4 years

Hyundai Motor, union strike tentative wage deal

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

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