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Ssangyong Motor to include regular bonuses as ordinary wages
By Korea HeraldPublished : July 23, 2014 - 19:50
Ssangyong Motor Co., the local unit of Indian sport utility vehicle maker Mahindra & Mahindra, said Wednesday that it has offered to count regular bonuses as part of ordinary wages to settle labor disputes.
Industry sources said the management made the proposal during talks with union representatives the day before.
The move can raise all types of allowances such as overtime pay and severance pay that can exert negative influence on the company’s bottom line.
Last Thursday, GM Korea Co., the local unit of U.S. automaker General Motors Co., made a similar proposal.
The carmaker sold 33,235 vehicles in the domestic market in first half, up 13.5 percent from the year before. Overseas sales were up 8 percent to 40,706 units in the same period. (Yonhap)
Industry sources said the management made the proposal during talks with union representatives the day before.
The move can raise all types of allowances such as overtime pay and severance pay that can exert negative influence on the company’s bottom line.
Last Thursday, GM Korea Co., the local unit of U.S. automaker General Motors Co., made a similar proposal.
The carmaker sold 33,235 vehicles in the domestic market in first half, up 13.5 percent from the year before. Overseas sales were up 8 percent to 40,706 units in the same period. (Yonhap)
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Articles by Korea Herald
