HD Hyundai Reaches Wage Breakthrough, Hanwha Sit-In Continues
While the shipbuilding industry is experiencing a boom in orders, discord continues in labor-management relations on the ground. Labor and management at HD Hyundai Heavy Industries have found a breakthrough to concluding negotiations by preparing a second tentative agreement for the wage and collective agreement, but Hanwha Ocean has not been able to find an ...
The shipbuilding industry is thriving with a surge in orders, yet labor-management relations remain contentious. HD Hyundai Heavy Industries and Hanwha Ocean are grappling with a protracted sit-in by Hanwha Ocean subcontractor union members. HD Hyundai Heavy Industries and Hanwha Ocean both reached a tentative wage and collective agreement on October 23 during the 26th negotiation in Ulsan.
The new agreement sees a base pay increase of 120,000 won and a lump sum of 11.5 million won, along with an enhanced 200% payment. Additionally, there will be 300,000 won in welfare points and revisions to severance pay calculation standards. However, Hanwha Ocean's sit-in continues, as union members vote on the new agreement on October 27.
The subcontractor union's grievances include concerns over performance bonuses, real wage decrease, industrial accidents, and Hanwha Ocean's responsibility in negotiations. HD Hyundai Heavy Industries' union head, Kim Dong-ha, lifted his sit-in after five days. Despite the progress, the agreement's rejection in a previous vote means the union members' final decision will determine the next steps.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- HD Hyundai Reaches Wage Breakthrough, Hanwha Sit-In Continues businesskorea.co.kr