A 10 day strike at a Hankook tire plant in the country ended when a pay deal was reached with the VDSZ, the trade union representing chemical workers. The 10 day strike was the longest strike in the 116-year history of the VDSz. The strike actions in which some 1700 workers participated cut the plant’s production by 75%. The overall gains negotiated for workers combine different improvements that add up to an average of 18.5% increase. The settlement includes a 6% increase in shift allowance for all, improvement to the annual personal bonus, improvement of the seniority loyalty bonus, and fair distribution of wage increases.
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