Industry
Hyundai Motor Group seeks to freeze salary of senior office workers
Jan. 13, 2017
Hyundai Motor Group, South Korea's largest automotive group, plans to freeze the wages of its officials in managerial posts, company officials said Friday.The wage freeze, if taken, will be the first of its kind since 2009."The company is already taking emergency measures to overcome many difficulties, such as an economic downturn, slowing sales and a drop in operating profit, while company executives have voluntarily cut their own wages by 10 percent," the group said in a recent e-mail sent to