On July 13, after salary negotiations between labor and management at Hyundai Motor, South Korea's premier automaker, reached an impasse, the company's union initiated a three-day partial strike. The union's demands include higher salaries, enhanced performance bonuses, and a postponement of the retirement age.
In the context of retirement policies, it's worth noting that China has announced plans to gradually raise the retirement age. Starting from January 1, 2025, the statutory retirement age for male employees, as well as for female employees who were originally set to retire at 55, will be incrementally extended. Specifically, the retirement age for men will be extended to 63, for women originally retiring at 55, it will be extended to between 55 and 58, and for women originally retiring at 50, it will be extended to between 50 and 55.
Furthermore, the union is also advocating for measures to safeguard employees' job positions and incomes from the potential repercussions of artificial intelligence and robotics implementation.
