, , ) , has reached a tentative wage deal with its labor union that could
bring a series of partial strikes to an end. The union has accepted an offer of a 6% monthly wage increase, or
an average of KRW82,000 ($76) a month, the company said. Also, GM Daewoo will pay workers a two-month salary bonus and a
lump-sum of KRW2.2 million ($2,038) designed to encourage them to
boost productivity. The union will put the deal to vote Wednesday to ask... // MarketWatch

SEOUL -(Dow Jones)- GM Daewoo Auto 822-2198-2234; In-Soo.Nam@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/al?rnd=J%2BM9SYVaqkJJ%2Bbbvug8zsw%3D%3D . You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires 08-25-08 0453ET Copyright (c) 2008 Dow Jones & Company, Inc.   // CNNMoney.com

The union accepted GM Daewoo's offer of about a six percent, or 82,000 won (US$76), increase in basic monthly salary for each worker, a bonus payment equivalent to two months salary and a lump-sum payment of 2.2 million won for each worker, said a company official.

The deal is tentative and must still be voted on by the union rank-and-file.

"A vote was set for this week," the company official said, declining to elaborate further.

The union... // Trading Markets

SEOUL -(Dow Jones)- Workers at GM Daewoo Auto 822-2198-2234; In-Soo.Nam@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/al?rnd=1WCo56OZGBc2EpSXz3KW7Q%3D%3D . You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires 08-24-08 2216ET Copyright (c) 2008 Dow Jones & Company,... // CNNMoney.com