First all-day strike in 12 years at Hyundai halts production

The first all-day strike by workers at South Korean carmaker Hyundai Motor in 12 years halted production completely on Monday.

The walkout by both day shifts in pursuit of higher pay affected all three Hyundai plants in South Korea, a spokesman for the company said.

In the absence of talks, the union has threatened to continue striking for six hours a day in the coming days.

A provisional agreement in August between management and the union was rejected by the workers.

There was a series of token strikes in the lead-up to Monday's complete walkout.

Hyundai Motor and its sister company Kia Motors are together the fifth largest carmaker in the world.

South Korea's market leader has already booked losses of 2.5 trillion won (2.26 billion dollars) this year as a result of the strikes, which have resulted in a production shortfall of 114,000 cars.

"Although unhappy with the temporary stop in production, we will continue to work together with the union to resolve the problem as swiftly as possible," a statement from the company said.

Last update: Mon, 26/09/2016 - 12:36

More from World

US turns inward: President Trump vows to put "America first"

New President Donald Trump is vowing to unapologetically put American interests first, signalling a break in US...

Gambia ex-president ready to 'cede power,' mediation efforts ongoing

Gambia's longtime ruler Yahya Jammeh is apparently willing to cede power and step aside, security sources in the...

Mexican drug baron 'El Chapo' pleads 'not guilty' in US court

The world's most notorious drug kingpin, Joaquin "El Chapo" Guzman, pleaded not guilty in a New York court Friday to...

More than 200 people arrested in Washington on inauguration day

Police arrested 217 people on Friday in Washington during protests against the inauguration of Donald Trump as...

NATO a boon to US and Europe, Stoltenberg tells Trump

NATO is "as good for the United States as it is for Europe," said Jens Stoltenberg, the alliance's secretary general...