Hanwha Ocean labor and management reached a provisional agreement on wages and collective bargaining (labor-management agreement) for this year on the 22nd. It has been about two months since the initial meeting between labor and management in May.

An overview of the Hanwha Ocean Geoje site /Courtesy of Hanwha Ocean

On this day, Hanwha Ocean labor and management held practical negotiations and agreed on a consensus on the labor-management agreement for this year. The main points include an increase in the basic salary by 123,000 won (including a promotion increase of 23,000 won) and a one-time payment of 5.2 million won.

In addition, Hanwha Ocean labor and management also agreed to increase the family allowance paid based on the presence of a spouse and children, as well as the field allowance paid according to the production position.

Furthermore, it was decided to establish an allowance for job environment paid according to the difficulty of the job, and they also agreed on a special day off payment and post-retirement consulting employment.

Regarding the union's demand for new hires, management agreed to make efforts to hire based on production load, and it was decided that labor and management would negotiate separately regarding the extension of the retirement age if related laws are revised.

The provisional agreement reached on this day will be finalized if the majority of the members at the Hanwha Ocean union members' general assembly approve it.

A representative from Hanwha Ocean stated, "We reached a provisional agreement on wage and collective bargaining plans for labor and management for the coexistence and future of both parties."

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