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Back|HD Hyundai Heavy Industries' first labor-management wage agreement negotiations collapse... Union strike begins
HD Hyundai Heavy Industries' first labor-management wage agreement negotiations collapse... Union strike begins
BREAKING
์—ฐํ•ฉ๋‰ด์Šคยท47 minutes agoยทLaborยท1 min readยท๐Ÿ‡ฐ๐Ÿ‡ทSouth Koreaยท

HD Hyundai Heavy Industries' first labor-management wage agreement negotiations collapse... Union strike begins

Quick Look

  • HD Hyundai Heavy Industries proposed its first wage and collective agreement this year, but the union rejected it.
  • The union plans to begin a phased circular strike starting on the 2nd due to the deterioration of the existing collective agreement, and labor and management plan to continue negotiations with the goal of reaching an agreement before Chuseok.

AI-generated summary

Why It Matters

HD Hyundai Heavy Industries' labor and management are currently negotiating to conclude a wage and collective agreement this year.

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(Ulsan = Yonhap News) Reporter Kim Geun-ju = HD Hyundai Heavy Industries presented its first negotiation proposal regarding wages and collective agreements this year on the 1st, but the labor union rejected it.

According to the labor and management, the company presented a negotiation plan to the union at the 18th round of negotiations held at the Ulsan headquarters on this day, including an increase in monthly basic salary of 105,000 won, an incentive bonus of 10 million won + 200%, and payment of performance bonuses.

However, the union rejected this negotiation plan, saying it did not meet member expectations.

A union official said, โ€œThe company rejected the entire proposal because it brought forward content that would deteriorate the existing collective agreement, such as the abolition of monthly leave.โ€

Accordingly, the union will begin a phased circular strike starting on the 2nd.

Negotiations between labor and management are expected to continue with the goal of reaching an agreement before Chuseok.

What to Watch

AI outlook โ€” possibilities, not facts

  • Starting from the 2nd, phased circular strikes will be implemented.

    Very likely ยท Within days

Open Questions

  • ?What is the specific scale and duration of the strike?
  • ?Is it really possible to reach an agreement before Chuseok?

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This article was originally published by ์—ฐํ•ฉ๋‰ด์Šค.

Quick Look

  • HD Hyundai Heavy Industries proposed its first wage and collective agreement this year, but the union rejected it.
  • The union plans to begin a phased circular strike starting on the 2nd due to the deterioration of the existing collective agreement, and labor and management plan to continue negotiations with the goal of reaching an agreement before Chuseok.

AI-generated summary

Story signals

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Moderate
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Urgency
Breaking
Follow-up likelihood
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Days

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์—ฐํ•ฉ๋‰ด์Šค
Story type
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Published
47 minutes ago
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HD Hyundai Heavy Industries
Collective wage agreement
labor union
HD Hyundai Heavy Industries
Kim Geun-ju
Yonhap News
Ulsan
Collective wage agreement
labor union
strike
Ulsan

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