Hyundai faces historic strike by 40,000 workers

Approximately 40,000 workers from Hyundai Motor Company in South Korea are striking for the first time in ten years to protest stalled wage negotiations. Their demands include raising the retirement age from 60, increasing bonuses, and protecting jobs from the impacts of artificial intelligence and automation technologies. The strike comes amid a rise in labor protests overall, with company production affected and expectations of missing global sales targets this year due to competitive pressures and economic challenges. Hyundai and the union opposition are at odds over wage demands and the retirement age, as the company continues to rely on technology and expand the use of robots in its manufacturing facilities.

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