Hyundai's Latest Move: A Hefty Pay Raise for Their Hardworking Team!

In a move that's sure to have Hyundai employees grinning, the company has announced a notable increase in salaries. Taking a cue from Toyota and recent UAW agreements with the big Detroit automakers, Hyundai's stepping up its game in the pay department.

The folks at Hyundai Motor Manufacturing Alabama and their colleagues at the Hyundai Motor Group Metplant in Georgia are the lucky recipients of this new salary strategy. We're talking about a 25% hike in hourly wages by 2028. Hyundai's making it clear: keeping their top talent happy is a big deal.

Starting next year, Hyundai's production crew members can expect their pay to be 14% heftier than last year, including a bump they already got earlier in 2023. And get this – their progression to these new pay levels is happening in a fast-paced 30 months, way quicker than usual. Plus, anyone who's been around for over 15 years gets up to 25 days of vacation. Not too shabby, right?

José Muñoz, the big boss of Hyundai in North America, is all about keeping pace with the industry, ensuring that his team's pay and perks are right up there with the best. He's especially proud of the Alabama crew for their stellar work on the new Santa Fe and the Genesis Electrified GV70, Hyundai's first electric vehicle off their line.

The numbers behind the raise? Well, although Hyundai's keeping mum, sources like the Associated Press suggest that Hyundai's current hourly rate of about $25 is set to jump to a handsome $31.25. And here's another nugget: union workers usually snag even better retirement and healthcare benefits.

So, there you have it – Hyundai's not just making cars; they're making sure their employees are smiling all the way to the bank!