ADVERTISEMENT

Hankook workers strike over pay

Pharma

Workers at Korean tire maker Hankookʼs plant in Dunaújváros (central Hungary) started a strike over pay at 2 p.m. Tuesday. More than 80% of workers support the strike and plan to join it, Tamás Székely, head of union federation VDSZ, told state news agency MTI.

The VDSZ entered talks with management demanding an 18% increase in base pay, an annual bonus equivalent to a full monthʼs pay, and a 5% premium for workers on an uninterrupted schedule.

The VDSZ said Hankook Tire Magyarországʼs management had flatly rejected their demands. The federation also complained the company had suggested a strike could jeopardize workersʼ annual bonuses. 

After workers staged a two-hour warning strike a week earlier, Hankook Tire Magyarország announced a 13.6% pay rise, with retroactive effect from January 1.

Székely noted that the wage raise was performance-based, which meant long-time employees at the company would get 10% more pay, while new hires would get 20% more.

Hankook employs more than 3,300 people in Hungary, MTI noted.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.