The logo of Hyundai Motor is seen on the glass door at its branch in Seoul on January 2014. Hyundai launched the new Sonata sedan in South Korea on Monday in the model's first makeover in nearly five years - AFP Photo.
SEOUL: Executives at South Korea's Hyundai Motor Group plan to take a voluntary 10 percent cut in wages from this month, the first such move since 2009, Yonhap News Agency reported on Tuesday, citing an unidentified high-ranking group official.
A spokesman at flagship unit Hyundai Motor Co said a voluntary wage cut was being introduced for executives, without confirming full details of the move.
The report came the day before Hyundai Motor Co reports third-quarter earnings that are expected to be squeezed by a protracted strike - resolved earlier this month - as well as falling sales at home. - Reuters
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