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Hyundai labor union to strike for 4 hours

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August 20, 2013 02:09 AM EST | AP

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SEOUL, South Korea — Hyundai Motor Co.'s labor union says 46,000 workers are staging a total four hours of strike over two days this week.

Union spokesman Kwon Oh-il said Tuesday that working-level talks with Hyundai management had seen little progress.

The union demanded increased wage and benefit deals during three months of annual negotiations. But the talks collapsed, and the union voted to strike for two years in a row.

Another round of talk with management is scheduled on Thursday. Kwon said there is almost no chance of breakthrough. He said future strikes will be determined after the talk.

South Korea's largest automaker estimates it will lose about 2,100 vehicles worth 43.5 billion won ($39 million) from the union's four hour strike and refusal to work overtime.