Hyundai Announces Higher Wage Structure
London, 14 November 2023, (Oilandgaspress) – Hyundai today announced a new wage structure for its production team members at Hyundai Motor Manufacturing Alabama (HMMA) and Hyundai Motor Group Metaplant America (HMGMA) in Georgia. HMMA has been producing vehicles in Montgomery, Alabama since 2005. HMGMA, Hyundai’s EV-dedicated plant in Bryan County, Georgia, is scheduled to begin production in early 2025.
Hyundai will begin a wage strategy in January 2024 that will result in U.S. production team member hourly wages increasing 25% by 2028. The company is increasing its wage structure to remain competitive and to recruit and retain top talent. Production team members in Alabama have achieved their production targets this year, including successful preparations to begin production of the all-new Hyundai Santa Fe in January 2024 (which will be shown at the Los Angeles Auto Show this week) and Genesis Electrified GV70, earlier this year.
At the beginning of 2024, HMMA will have increased pay for production team members by 14% over the last year, including a raise received earlier in 2023. HMMA wage progression to the top rate is already at 30 months (2.5 years) and HMMA provides 25 vacation days to team members with 15 years of service.
The approximately 4,000 production team members at HMMA have consistently performed in the areas of quality, safety, utilization, delivery, attendance and other internal metrics HMMA employs to ensure every vehicle produced meets the company’s high standards.
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