Hyundai workers stage historic strike
A large group of Hyundai Motor employees in South Korea organized an unprecedented strike in the past decade, protesting their demands for higher wages. Around 40,000 workers participated in the escalation, demanding a 50% increase in performance bonuses and a two-year raise in the retirement age to enable longer pension periods. The company is struggling to meet these demands, and negotiations between the unions and management have been ongoing since May without clear results. There are growing concerns about the impact of artificial intelligence technology on job security, especially with plans to potentially deploy humanoid robots in their U.S. factories by 2028.
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