Seoul, Oct 12
The management and union of Renault Korea Motors, the South Korean unit of Renault, has sealed a wage deal after an extended labour strike over wages and working conditions.
Unionised workers of Renault Korea engaged in a full-scale strike since September 13, demanding improved wages and working conditions.
According to the company the labour union held a vote on whether to accept a tentative wage and collective bargaining agreement, with 50.5 per cent of the members voting in favour, reports news agency.
The package includes an 80,000 won ($59) increase in base salary and a 3 million-won performance incentive for the successful launch of the company's mid-sized SUV Grand Koleos, among others.
Following the wage deal, Renault Korea said it is now able to focus more on the success of the Grand Koleos, which has been well-received in the market, as well as on advancement of future projects.
The Grand Koleos made an impressive sales debut by selling 3,900 units in its first month.
The model, which was first unveiled at the Busan International Mobility Show in May, accounted for most of the company's total sales of 4,980 units in September.
Meanwhile, Renault Korea Motors’ sales declined 5.3 per cent last month from a year earlier on decreased exports.