#WageFreeze
The Big Chill: Management Wages Frozen as Hyundai and Kia Ride Out Financial Storm
Hyundai Motor Group has placed its supervisory employees’ wages into stasis in an effort to minimize costs and better cope with the financial hardship it expects to face in 2017.
Roughly 35,000 staff managers are affected by the wage freeze — the majority being employees at Hyundai and Kia Motors.
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