HD Hyundai Heavy Industries union demands performance bonuses based on operating profit30% performance bonus demand
The HD Hyundai Heavy Industries union6in 2began wage and collective bargaining agreement negotiations with management. The union called for at least 30% of operating profit to be distributed as performance bonuses, marking the first time since the company was founded that it has specified a concrete percentage for the source of performance bonuses.
The HD Hyundai Heavy Industries union6in 2held an initial meeting with management and began wage and collective bargaining agreement negotiations. Last month, on 20it formally presented its demands for this year's wage and collective bargaining agreement to management. The integrated union is leading these negotiations.
A key demand is a clause calling for at least 30% of operating profit to be distributed as performance bonuses. This is the first time since the company was founded that the union has specified a concrete percentage of operating profit as the source of performance bonuses. The demands have been described as unprecedented in scale.
The demand is said to reflect the influence of cases in which Samsung Electronics and SK hynix first proposed performance bonuses amounting to “N% of operating profit.” The call for operating-profit-based performance bonuses, which began in the semiconductor industry, is spreading to the shipbuilding industry.
After presenting its demands to management, the union is continuing negotiations by working to set a schedule for formal bargaining. Specific issues and the negotiation schedule are expected to be discussed in formal bargaining following the initial meeting. The agreement will be finalized through the wage and collective bargaining process.
Specific terms, such as the content of any labor-management agreement or the timing of payments, have not been disclosed so far. The company has also issued no separate official announcement of its position. Further details will be compiled if updates on the negotiations are made public.
Sources: 파이낸셜뉴스 산업
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