HD Hyundai Heavy Industries labor and management failed to find common ground in this year's wage and collective agreement talks held on the 1st. As a result, the union will begin a partial strike on the 2nd while continuing negotiations with management.
According to the shipbuilding industry on the 1st, the company presented the union with a proposal at the 18th bargaining session held at its Ulsan headquarters that included raising the monthly base wage by 105,000 won (including 35,000 won for step increases) and paying an incentive of 200% plus 10 million won.
However, the talks broke down when the union did not accept the offer.
In this year's talks, the union is demanding a 149,600 won increase in the monthly base wage (separate from step increases), a 100% increase in bonuses, sharing at least 30% of operating profit, inclusion of vacation allowances and congratulatory payments in ordinary wages, and new hiring.
Accordingly, the union will begin a phased rotating strike on the 2nd. Through the 10th, it will stage partial strikes in turn by subordinate units, while operating normally on the 3rd and 7th; on the 15th, all members will stage a four-hour partial strike.
The union went on strike three consecutive years from 2023 through last year.