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HANKOOK TIRE WORKERS, MANAGEMENT REACH DEAL ON PAY, ENDING STRIKE

 

Unions association VDSZ reached an agreement with management of Korean-owned Hankook Tire Magyarország over wages late on Thursday, ending a strike that started a little more than one week earlier. The management agreed to raise wages by another 8.5% over an increase announced early in March, VDSZ told MTI.

Hankook announced a 13.6% wage rise following a two-hour warning strike on March 6, but union representatives complained the unilateral increase was performance based and would favour new hires over long-time employees. VDSZ said workers that would have fared the worst under that wage increase will now earn 18.5% more at year-end compared to a year earlier.

VDSZ chairman Tamás Székely said there was a turnaround at the talks after Hungarian members of the management were circumvented and union representatives made progress with the Korean managers. He said about 70% of the workers at Hankook’s plant in Rácalmás, in central Hungary, participated in the strike.