Hungary - 18.5% pay rise at tyre manufacturer - April 30, 2026

Members of the VDSZ trade union working at the plant of South Korean tyre manufacturer Hankook have secured a 18.5% wage rise – surpassing the union’s original claim. The settlement includes a 6% bonus for workers on night shifts, which was previously reserved only for those who cut back their right to holiday entitlement. A substantial loyalty bonus will go to all workers who stay with the company for five years. A precondition that workers must have taken less than eight days sickness leave has been dropped. Workers on the lowest wage scale will receive a 5% pay rise.

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