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Last Updated: Friday, 9 September 2005, 11:29 GMT 12:29 UK
Korean car workers end stoppages
Hyundai workers demonstrating last year
Hyundai workers have a history of strike action
Workers at South Korean carmaker Hyundai have ended a two-week series of strikes after the firm agreed to grant them a 6.9% pay increase.

Workers also secured better conditions including changes in the shift system, union and company officials said.

The dispute began late last month, with workers repeatedly downing tools for periods of several hours.

The stoppages spread to Kia Motors, 39% owned by Hyundai, where industrial action is still going on.

The two companies control more than 70% of the South Korean car market.

Apart from 1994, Hyundai has been affected by industrial disputes every year since 1987, when South Korea ended decades of military rule.

Last year, the company lost 263bn won ($256m; 142m) because of strike action.

The other major Korean manufacturer, Daewoo Motors, was acquired by the US car giant GM last year.

The Korean economy has recovered sharply since the Asian financial crisis, leading to a consumer boom.


SEE ALSO:
Korean car worker strike spreads
29 Aug 05 |  Business
Hyundai workers to go on strike
24 Aug 05 |  Business
S Korea motor workers end strike
02 Jul 04 |  Business
S Korea auto strikes may spread
30 Jun 04 |  Business
Strikes hit S Korea car industry
29 Jun 04 |  Business


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