Unions association VDSZ reached an agreement with management of Korean-owned Hankook Tire Magyarország over wages late on Thursday, ending a strike that started a little more than one week earlier.
The management agreed to raise wages by another 8.5 percent over an increase announced early in March, VDSZ told wire service MTI.
Hankook Workers Strike over Pay
Hankook announced a 13.6 percent wage rise following a two-hour warning strike on March 6, but union representatives complained the unilateral increase was performance based and would favour new hires over long-time employees.
VDSZ said workers that would have fared the worst under that wage increase will now earn 18.5 percent more at year-end compared to a year earlier.
VDSZ chairman Tamás Székely said there was a turnaround at the talks after Hungarian members of the management were circumvented and union representatives made progress with the Korean managers.
He said about 70 percent of the workers at Hankook’s plant in Rácalmás, in central Hungary, participated in the strike.
featured image: the strike on March 18; via VDSZ- Facebook