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Kumho employees raise their salary by 29% This move is to stabilize employees
The reporter learned from Kumho Tire that Kumho Tire, which had recalled the whirlpool in depth, gave its employees a 29% salary increase in the whole year of 2011. An employee inside Kumho told reporters that salaries have increased slightly in the past few years, and the highest increase in 2011.
According to internal staff of Kumho Tire, as a tire company in the upper reaches of the automotive industry chain, the company's salary level is lower than that of the entire vehicle company, mainly based on quarterly bonuses, and year-end bonuses are supplemented by the award model. For Kumho Tire's salary increase, industry analysts believe that this is an action to stabilize employees after the crisis broke out in 2011.
In 2011, Kumho’s Tianjin plant was exposed to back-grinding and added flaws. Kumho Tire announced the recall of all violating products.