HD Hyundai Heavy Union Enters Strike Countdown
The Hyundai Heavy Industries branch of the Korean Metal Workers’ Union (HD Hyundai Heavy Industries union) has finally entered the countdown to a strike. As the National Labor Relations Commission made a final decision to ‘suspend mediation’ regarding the wage and collective agreement negotiations b
The Korean Metal Workers’ Union, representing the Hyundai Heavy Industries branch, has entered a strike countdown after the National Labor Relations Commission suspended mediation talks. The union secured the right to industrial action following the suspension decision made on August 24. Members will vote on industrial action between August 25 and 27.
Key demands include a 30% distribution of operating profits as performance bonuses, a 149,600 won ($108) raise in monthly wages, and the inclusion of vacation expenses and congratulatory money. The shipbuilding industry is closely watching the situation, as the union's actions could impact the entire sector, with other unions like Hanwha Ocean and Samsung Heavy Industries also pushing for better performance bonus standards.
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