Industry
Hyundai Heavy reaches wage agreement
Feb. 16, 2015
Unionists at Hyundai Heavy Industries, the world's largest shipbuilder, on Monday approved the latest wage agreement negotiated with the management, ending a dispute that had dragged on since May. The deal was accepted by 65.9 percent of an estimated 15,400 union members, the company said in an e-mailed statement. The union has about 16,000 members. The two sides had reached a tentative agreement on the pay raise on Dec. 31, but that deal was rejected by the union. The new agreement, like the pr