POSCO Chemical Delegates Wage Negotiations Without Dispute for 24 Consecutive Years

[Asia Economy Reporter Hwang Yoon-joo] POSCO Chemical's labor and management have entrusted wage negotiations without negotiations for the 24th consecutive year, once again presenting a model of labor-management harmony and sustainable growth based on the corporate citizenship management philosophy.

This decision was made as a result of labor and management agreeing to join forces to wisely overcome external challenges such as the global economic downturn caused by the spread of COVID-19 and to further accelerate achievements in new businesses such as energy materials promoted by POSCO Chemical.

On the 26th, POSCO Chemical held a '2020 Wage Non-Negotiation Delegation Signing Ceremony' at its headquarters in Cheongnim-dong, Pohang, attended by CEO Min Kyung-jun, Lee Sung-woo, Chairman of the Manufacturing Labor Union, Hwang Sung-hwan, Chairman of the Maintenance Labor Union, Lee Bong-hak, Worker Representative of the Labor-Management Council, and Shin Yong-soo, Head of the Maintenance Labor Union Gwangyang Branch, resolving labor-management harmony for company development.

Through this signing ceremony, POSCO Chemical's labor and management pledged to do their best in their respective positions to strengthen business competitiveness, improve employee welfare, and work together to achieve the common goal of securing future growth engines, agreeing to wage non-negotiation.

As a result, POSCO Chemical has continued its record of 24 consecutive years of wage non-negotiation since 1997. This is the longest record among manufacturing conglomerates with over 1,000 employees.

The secret to POSCO Chemical's labor-management culture can be said to be that "all members share the vision that stable labor-management relations and a healthy corporate culture should be established based on the corporate citizenship management philosophy, thereby maximizing business competitiveness and performance."

CEO Min Kyung-jun said, "The labor-management culture of trust and coexistence has been the driving force behind POSCO Chemical's growth so far," adding, "In a difficult management environment, let us unite as one to prepare for the future and leap forward as a global leading company in chemicals and energy materials where all members are happy and proud."

Labor union representatives stated, "Despite the difficult internal and external management environment, we decided to delegate so that the company can achieve results in investments for future development and focus on management activities."

This content was produced with the assistance of AI translation services.