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The Economic Times
The Economic Times
National

Hyundai Motor's union reaches preliminary wage deal, averting more strikes

Hyundai Motor's South Korean union said on Tuesday ​it reached a tentative agreement with the company's management, averting further production losses after its lengthiest walkout in a decade.

Hyundai Motor shares were flat, ‌while the ⁠broader market was ⁠down 2%. The labour deal is subject to approval by union members ​on Monday.

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