Kia's 30,000-strong union tentatively accepted the company's proposals, including a 98,000 won (US$68) increase in basic monthly pay, three months of performance-based pay, 5.5 million won in cash, 250,000 won in a gift certificate per person and 49 Kia stocks, the company said in a statement.
Samsung FE series stands for ‘Fan Edition’ and comprises features of Samsung’s flagship ‘S’ series at a budget price.
Covid had been a stress test for the industry, which needed a thorough review of its supply chains, Daimler chairman Ola Kallenius said.
They also added that while the impact of the chip shortage was less severe than feared in the third quarter, it will worsen in the fourth, extending to iPhone production.
In the second quarter, the company generated $8.7 billion in cash from operations and paid dividends of $1.4 billion.
The Asan plant, which is located 100 kilometers south of Seoul, produces the Grandeur and Sonata sedans.
