Hyundai Motor-wage deal Hyundai Motor union vote to accept 2023 wage deal SEOUL, Sept. 19 (Yonhap) -- Hyundai Motor Co. said Tuesday its unionized workers have voted to accept this year's wage deal, averting a strike for the fifth consecutive year. The deal includes an increase of 111,000 won (US$84) in basic pay, three months of performance-based pay, a cash bonus of 10.5 million won, one month's worth of salary in incentives, 15 Hyundai stocks and 250,000 won in gift certificates per person. The union accepted the deal to help the company ride out increasing uncertainties, such as the extended Russia-Ukraine war, high oil prices and high consumer prices, amid a global economic slowdown, Hyundai said in a statement.

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