Hyundai Motor union launches three-day partial strike, demanding pay raises and extension of retirement age
The Hyundai Motor union in South Korea has announced a partial three-day strike this week to push for demands including higher wages, shorter working hours, and an extension of the retirement age.
According to a statement on the union's official website, 42,000 union members will stop work for two hours each on Wednesday and Thursday, and for four hours on Friday. This action is a further step after the latest round of collective bargaining on Tuesday failed to reach an agreement.
The union stated that although management has proposed increases in base salary, bonuses, and some benefits, the core demands have not yet been met. Previously, the union had put forward the following requests:
- An increase in the basic monthly salary by 141,300 won (approximately 101 US dollars);
- 30% of last year's net profit to be used for special performance bonuses;
- Shorten the workweek to 4.5 days;
- Extend the retirement age from 60 to 64 years old.
In a strike vote held last week, 86% of voting members supported the strike, providing authorization for this action.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Five Essential Questions: What Makes a Good DeFi? ARK’s Answer and the Path to On-Chain Autonomy
How DeFAI is building a new on-chain civilization.
BitMine Ethereum Holdings Reach $8.1 Billion Value
Quick Take Summary is AI generated, newsroom reviewed. BitMine now owns 1,866,974 ETH, worth over $8 billion. The company added 150,000 ETH in just one week, showing aggressive growth. BitMine has $635 million in cash ready for future Ethereum purchases. Institutional and retail investors are watching closely as BitMine stakes and expands its holdings.
BONK and Safety Shot reach a $25 million partnership, planning to purchase approximately $115 million worth of tokens by the end of the year
BONK announced the signing of a $25 million strategic partnership agreement with NASDAQ-listed company Safety Shot. Under this agreement, Safety Shot plans to purchase approximately $115 million worth of tokens by the end of the year, accounting for about 5% of BONK's total supply.
Institutional Adoption of Liquid Restaking: A New Paradigm in Crypto Treasury Management
- Institutional investors adopt liquid restaking protocols to optimize crypto yields while enhancing blockchain security through EigenLayer and Babylon. - Ethereum's liquid staking TVL reached $24 billion by August 2025, with platforms like Lido managing $43.7 billion in assets and generating 3-6% staking yields. - SEC's 2025 regulatory clarity and the CLARITY/GENIUS Acts enabled $3 billion in institutional allocations to Ethereum staking, accelerating DeFi adoption. - Risks include liquidity vulnerabiliti
Trending news
MoreCrypto prices
More
