S. KOREA’S KUMHO TIRE UNION WORKERS ACCEPT WAGE FREEZE AND CASH BONUS

Highlights –

• S. Korea’s Kumho Tire union workers accept a wage freeze and cash bonus.
• The management and labor union reached the agreement early this month.
• The company’s full-year operating profit in 2020 fell 37 percent.
• The company had not to raise wages for 2018 and 2019.

On Tuesday, unionized workers at Kumho Tire Co. reported that they....