SsangYong Motor approves wage deal with union
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SsangYong Motor approves wage deal with union

2018/08/10 16:12

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SEOUL, Aug. 10 (Yonhap) -- SsangYong Motor Co., the local unit of Indian sports utility vehicle maker Mahindra & Mahindra Ltd., said Friday it has reached a wage deal with its union, marking the ninth consecutive year that the carmaker has concluded a wage deal without a strike.

Half of 3,265 SsangYong workers voted in favor of the deal, which calls for a freeze in basic monthly wages and a bonus worth 1 million won (US$890).

The maker of the Tivoli and G4 Rexton sport-utility vehicles sold a total of 143,685 vehicles in 2017, down a sharp 16 percent from 155,844 units the previous year.

Mahindra & Mahindra owns a 72.85 stake in SsangYong Motor.

This photo provided by SsangYong Motor Co. shows its Tivoli Armour Gear Edition. (Yonhap) This photo provided by SsangYong Motor Co. shows its Tivoli Armour Gear Edition. (Yonhap)

entropy@yna.co.kr

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