SsangYong Motor's labor union and management reached a deal to rehire those who were fired in the wake of the automaker's 2009 restructuring efforts, putting an end to the company's decade-long labor dispute. 

SsangYong Motor CEO Choi Jong-sik and Kim Deuk-joong, the manager of the Korean Metal Workers' Union's SsangYong Motor branch, announced the agreement in Seoul on Friday. 

Under the agreement, 60 percent of the 119 fired workers will be reinstated by the end of this year, while the remaining 40 percent will be rehired by the end of June next year. 

If the 40 percent are not rehired by the deadline, they will be placed on unpaid leave from July first next year and receive job-related assistance from the Economic, Social and Labor Council, a presidential advisory body. 

SsangYong has been mired in labor disputes since 2009 when it fell under court receivership and laid off 18-hundred workers.

In late 2015, the company and the union agreed to gradually rehire the laid-off workers by the first half of 2017, and some of the workers returned to the company. But 119 have been left out.