Hyundai Motor Co.'s union decided to end a strike Wednesday after the company agreed to pay full bonus payments, officials said, resolving one of the latest obstacles facing South Korea's largest automaker. Hyundai agreed to pay the remainder of an agreed bonus of 1 1/2 months, but only after workers meet production goals to make up for losses incurred from strikes last year and the latest walkouts, according to a deal signed between company and union officials. Union spokesman Song Hi-sok said the employees will end the partial strikes that began Monday and return to work immediately Wednesday night. Hyundai said they will try to meet the missed production goals by the end of February.
See "Hyundai Union Agrees to End Strike", Associated Press, The New York Times, January 16, 2007