Hyundai announces wage increase

Plan is for 25% increase by 2028

An aerial view of Hyundai Motor Manufacturing Alabama.

Employees at Hyundai Motor Manufacturing Alabama will get a wage increase starting next year.

The company announced that it has a new wage structure for production team members in Alabama and at its new Hyundai Motor Group Metaplant America in Georgia. The wage strategy, which begins in January, will result in U.S. production team members’ hourly wages increasing by 25% by 2028. The company said the wage increases are to remain competitive and to recruit and retain top talent.

Production team members in Alabama achieved their target production goals this year and have successfully prepared to begin production of the all-new Hyundai Santa Fe starting in January. The Montgomery plant employees also started production of the Genesis Electrified GV70 earlier this year.

HMMA is investing $290 million to enhance the production of the SUVs it makes in Montgomery. It specifically is investing $190 million for the tooling and equipment to produce the new Santa Fe.

“We have the vest team members in the industry, and we are compensating them accordingly,” said Jose Munoz, president and global COO, Hyundai Motor Co. and president and CEO of Hyundai and Genesis Motor North America. “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.”

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In addition to the Santa Fe and Genesis Electrified GV70, HMMA also produces the Tucson and Santa Cruz.

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