Hyundai Motor has restarted production at its Ulsan plant and all Korean factories following a labor dispute settlement. The stoppage lasted about eight weeks and affected operations accounting for 42% of total revenue.
The union and management reached a deal on August 25 with pay increases, performance bonuses and a commitment to hire 500 technical workers. Production restart lets Hyundai begin making up August sales losses, when home deliveries fell 41% year-over-year due to the strike.
Hyundai Motor reported FY2025 revenue of ₩186.3 trillion. The company runs operations in Korea, US, Mexico, Europe, India and Brazil.
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| Symbol | Last Price |
|---|---|
| 005380HYUNDAI MOTOR CO | ₩383,500 +0.0% |