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GM to propose wage freeze, no bonuses for South Korean workers this year

SEOUL (Reuters) - General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Friday. [Source]

Publication Date:

Origin: reuters.com

Category: businessNews

Topics: south, korean, propose, year, bonuses

Source Link: http://feeds.reuters.com/~r/reuters/businessNews/~3/npzS2GOs20I/gm-to-propose-wage-freeze-no-bonuses-for-south-korean-workers-this-year-idUSKCN1G709G

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