GM Factory Workers Plan Partial July 4 Walkout  by William White
| June 27, 2013 9:35 am  GeneralMotors185 GM Factory Workers
Plan Partial July 4 Walkout[1]General Motors (GM[2]) factory
workers in South Korea plan a partial walkout July 4.  The
walkout is set against the background of yearly wage talks
between the company and its workers. GM argues that the cost of
labor would go too high with wage increases, but GM’s South
Korea union argues that its production cost[3] is half of
Australia’s, according to Reuters.  The strike could be averted
if wage talks progress before July 4.  “The management did not
come up with any concrete proposal during yesterday’s talks. It
will be difficult to reach a deal and we are likely to continue
the strike,” Choi Jong-hak, a union spokesman, told Reuters.  GM
Korea’s union negotiators want a one-time bonus of 6 million
Korean won — roughly $5,300, which is about a quarter of workers
annual salary — as well as 130,498 won, or roughly $110.    1.
[Image]:   2. GM:   3. produ