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The third freeze in history after the IMF and the financial crisis
Agreement without dispute for 2 consecutive years
Basic salary freeze, 150% performance pay, 1.2 million won incentives, etc.
Hyundai Motors workers and management have tentatively agreed to wage negotiations this year to freeze the base salary. The agreement between workers and management to freeze wages is the third time since the IMF financial crisis in 1998 and the financial crisis in 2009. In addition, there is a dispute-free agreement for the second year in a row after last year.
On the 21st, Hyundai Motors workforce and management signed a tentative agreement at the 12th video conference wage negotiation session at three bases, including the main building of the Ulsan plant. Bargaining representatives of workers and employers, including President Ha Eon-tae and the head of the union branch Lee Sang-soo, attended the twelfth wage negotiation.
The main content of the interim agreement includes 150% salary freeze and incentives, 1.2 million won as an incentive to overcome the new crisis of coronavirus infection (Corona 19), 10 employee shares and 200,000 won for certificates of traditional market gift.
The workforce and management shared the view that it was necessary to sympathize with the difficult situation of Corona 19 and that they joined forces to overcome the crisis in the automotive industry in the face of the global economic slowdown, and agreed on a salary plan that takes into account performance. management and business sustainability. In particular, Hyundai Motors reported that this is the result of the willingness of workers and management to together overcome the crisis situation, such as the shift in the industrial paradigm focused on green and autonomous vehicles and the preparation for the post-corona era. In the midst of the 19 crown crisis, this year’s salary negotiation period was only 40 days from meeting to agreement. As a result of intensive negotiation between labor and management to overcome the crisis, an interim agreement was reached without disputes for two consecutive years, while the negotiation period was minimized. The interim settlement for no consecutive disputes is the second since 2009-2011. In addition, workers and management adopted the ‘Social Declaration for the Joint Development of Workers and Management and Changes in Relations between Workers and Management’ in this agreement. The statement is to ▲ Ensure the future competitiveness of national factories and stabilize the employment of incumbent workers ▲ Respond to future changes in the automotive industry, such as the expansion of electric vehicles ▲ Operate a job change program in preparation for futures industrial changes ▲ Make worker and management relationships a reality with customers and citizens ▲ Parts partners to overcome the crisis in the automotive industry Mutually beneficial support ▲ Contains the content of joint efforts for the survival of the automotive industry and the Labor-managerial relations of mutual benefit by realizing customer satisfaction between workers and management by improving quality.
According to this statement, the “ win-win cooperation program ” has been expanded at the group level to strengthen support for parts suppliers suffering from the prolonged crown19. In addition, through a separate agreement between labor and management, the city of Ulsan and Ulsan Buk-gu office established a policy to participate in the project to create a special subsidy for the maintenance of employment of local suppliers. of spare parts worth KRW 50 billion.
Additionally, the workforce and management were sympathetic to the premise that quality leads to customer acquisition and job security. Based on this, measures to ensure quality to achieve customer satisfaction through quality improvement, such as the organization of a quality council for each production plant, the strengthening of joint quality improvement activities of manpower and management in the new stage of the automobile, investment in quality improvement of 200 billion won by 2025, and operation of a process quality feedback system. I decided to prepare and promote it.
It has also prepared measures to prevent infectious diseases after the reproliferation of Corona 19. After a special agreement between workers and employers in February, it was decided to strengthen measures to prevent infectious diseases through this negotiation.
A Hyundai Motor Company official said: “In the midst of the Corona 19 crisis and the automotive industry transition period, we focused on ensuring competitiveness and preparing a deal to survive in the future age of the automobile.” “We will focus our capabilities on taking a leap forward as a leader in the automotive age of the future, like driving.”
This interim agreement will be voted for and against by all members on the 25th. If approved, salary negotiations will conclude this year.
Journalist Min-beom Kim from Dong-A.com [email protected]
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