Hanwha Solutions Chemical Division Union Delegates Wage Negotiation Rights to Management
[Asia Economy Reporter Minji Lee] Hanwha Solutions Chemical Division announced on the 30th that the labor unions of the Yeosu Plant, Ulsan 1·2 Plants, and Yeosu TDI Plant have decided to delegate wage negotiations to the management this year.
The union stated, "Amid the low-growth trend in the petrochemical industry and the added impact of the novel coronavirus disease (COVID-19), the company's business activities have become difficult," and explained, "We have gathered the will of the union members to participate in overcoming the crisis and have delegated the wage negotiations."
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According to Hanwha Solutions, the Chemical Division labor union has conceded wage negotiation authority whenever the company faced difficulties, including during the 2009 financial crisis.
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