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SEOUL – Kia Corp’s union in South Korea said it would suspend for now a partial strike announced earlier on Wednesday to pursue more talks with the company.
The union and Kia’s management had been holding talks for three months over wage increases and an extension of the retirement age.
Earlier, the union said it would limit working hours for six working days from Oct. 12 after negotiations stalled, in what would have been the first industrial action at Kia in three years.
“We have decided to put a pause on the planned strike for tomorrow as we are having negotiations with the management,” an official at the Kia union told Reuters, adding that the union would decide the next step after talks with the company.
Kia declined to comment on the industrial action.
The Kia union is seeking a minimum basic monthly pay increase of 184,900 won ($138.12), a performance pay equating to 30% of Kia’s 2022 net profit as well as an increase to the retirement age to 64 from 60 and a 4-day work week.