*This content was translated by AI.
GM Korea Corporation (hereinafter GM Korea) labor and management officially announced that they have reached a tentative agreement on the "2026 Wage and Collective Bargaining Negotiation" on July 22.
GM Korea labor and management conducted a total of 17 negotiation sessions, starting with an initial meeting on May 27 and culminating in the tentative agreement on July 22. A yes-or-no vote by all members of the labor union regarding this tentative agreement is scheduled to take place over two days, July 27 and 28.
The tentative agreement reached by GM Korea labor and management includes a base wage increase of 92,000 won, along with a one-time payment and performance-based pay tied to the company's 2025 business results, totaling 15 million won in one-time and performance payments. If more than half of the union members vote in favor during the yes-or-no vote on this tentative agreement, the 2026 wage and collective bargaining negotiations will be finalized.
Asif Khatri, Executive Vice President in charge of global business production at GM Korea, stated regarding the outcome of these negotiations: "The achievement of this tentative agreement is a result of meaningful progress made together by the company and the labor union." He added, "Through the conclusion of this year's negotiations, it is most important to secure investments for a better future by ensuring that labor and management continue their responsible efforts toward stable business operations and sustainable growth."
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*This content was translated by AI.
