Hyundai has introduced a new wage structure for its employees. This change will affect production team members at Hyundai Motor Manufacturing Alabama (HMMA) and Hyundai Motor Group Metaplant America (HMGMA) in Georgia. The new structure will begin early next year and is designed to help the company stay competitive, as well as recruit and retain workers. Starting in January, production team members’ hourly wages will increase 25% by 2028. HMMA workers will see a 14% increase in 2024, which includes raises received in 2023.
In a recent quote, José Muñoz, president and global COO, Hyundai Motor Company and president and CEO, Hyundai and Genesis Motor North America, said, "We have the best team members in the industry, and we are compensating them accordingly. Hyundai continuously strives to maintain competitive wage and benefits commensurate to industry peers. The women and men of HMMA have gone above and beyond the call of duty this year, preparing for the all-new Hyundai Santa Fe, and building the first electric vehicle in our facility, the Genesis Electrified GV70. Internal KPIs show the team continues to embrace a continuous improvement mindset, which is evident in how we track quality, safety and efficiency. Thanks to the hard work of the team in Georgia and our partners construction of our new Metaplant is ahead of schedule."