News Summary: Hyundai Motor strike ends

AP News
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Posted: Sep 04, 2012 6:46 PM

STRIKE BRAKING: Hyundai Motor's labor union voted to accept a deal that ends one of the costliest strikes ever at South Korea's largest car maker.

RUNNING UP A TAB: The union walked out on July 13, starting the first strike at Hyundai in four years. The union staged walkouts that resulted in lost output worth 1.7 trillion won ($1.5 billion), according to the company.

AHEAD OF THE PACK: Hyundai Motor Co. is the first to end labor unrest that has gripped South Korea's auto industry this year. Workers at Kia Motors Corp. and General Motors Co. also staged limited strikes