Hyundai Motors has announced that it is instituting a new, more competitive wage structure for workers at its Montgomery Hyundai Motor Manufacturing Alabama (HMMA) plant.
Beginning in January 2024, the auto giant said it intends to increase hourly wages for production team members at the Montgomery site by 25% over the next four years.
“We have the best team members in the industry, and we are compensating them accordingly,” said José Muñoz, president and global COO, Hyundai Motor Company and president and CEO, Hyundai and Genesis Motor North America.
“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.”
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.
HMMA, an independent operation of Hyundai Motor Company based in Seoul, Korea, has been key part of Montgomery’s manufacturing industry since 2005. The facility is known for producing a range of popular Hyundai models, including the Santa Fe, Tucson, Santa Cruz, and the luxury Genesis GV70 and Electrified GV70.
Austen Shipley is a staff writer for Yellowhammer News.