Reuters: Hot Stocks: Hyundai Motor shares drop as S.Korean union plans strike vote

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Hyundai Motor shares drop as S.Korean union plans strike vote Aug 7th 2013, 00:07 SEOUL | Tue Aug 6, 2013 8:07pm EDT SEOUL Aug 7 (Reuters) - Shares in Hyundai Motor Co fell more than 2 percent in early trading on Wednesday after it failed to reach a deal on wages and benefits with its South Korean union on Tuesday. A union spokesman said the labour union in South Korea would vote on strike action next week. Last year, the union staged a series of partial strikes over pay and conditions in July and August, its first in four years, and stopped Hyundai from making 82,088 cars worth 1.7 trillion Korean won ($1.50 billion) in its costliest strike ever. (Reporting by Joyce Lee; Editing by Paul Tait)

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