Dongkuk Steel, Early Settlement of Wage Negotiations... '26 Years of Sustained Win-Win Labor-Management Culture'
[Asia Economy Reporter Hwang Yoon-joo] On the 3rd, Dongkuk Steel and its labor union held the '2020 Wage Agreement Signing Ceremony' at the Incheon plant, concluding wage negotiations first in the domestic steel industry this year.
With this, Dongkuk Steel and its labor union have maintained a culture of mutual growth and trust for 26 years since declaring the nation's first 'permanent no-strike' agreement in 1994.
Jang Se-wook, Vice Chairman of Dongkuk Steel, stated, "The successful wage negotiation was possible because both labor and management shared a sense of crisis due to the global economic downturn and increasing uncertainties in the steel market."
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Park Sang-gyu, Chairman of the labor union, said, "Dongkuk Steel's culture of mutual growth between labor and management is a source of external pride," adding, "Let us unite as one to lay the foundation for a company that lasts 100 years."
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