Kumho Tire Union Delegates Wage Negotiations to Company... "Joining Efforts to Overcome COVID-19"

Lee Su-il, President of Hankook Tire & Technology (right in the photo), and Park Byung-guk, Chairman of the Hankook Tire Labor Union, participated in the '2020 Wage Negotiation Company Delegation Ceremony' at Hankook Tire headquarters in Pangyo, Gyeonggi-do on the 23rd and took a commemorative photo.

[Asia Economy Reporter Kiho Sung] The negotiating union of Hankook Tire & Technology, the ‘Hankook Tire Labor Union,’ has delegated this year’s wage negotiations to the company in order to overcome the global crisis caused by the novel coronavirus disease (COVID-19).

On the 23rd, Hankook Tire announced on the 24th that it held the ‘2020 Wage Negotiation Delegation Ceremony’ at its headquarters located in Pangyo, Gyeonggi Province, attended by labor and management representatives including Lee Soo-il, President of Hankook Tire, and Park Byung-guk, Chairman of the Hankook Tire Labor Union, to delegate all authority regarding wage adjustments to the company.

This delegation of wage negotiations by the union was made from a magnanimous perspective that labor and management must overcome the ongoing global economic downturn caused by COVID-19 together.

Chairman Park said, “We empathize with the crisis caused by the worsening business environment in the global automotive and tire industries due to COVID-19, and based on a labor-management culture of mutual respect and trust, we have delegated the authority for the 2020 wage negotiations to the management to overcome the current crisis and ensure employment stability. We will continue to strengthen a labor-management culture of coexistence and cooperation to overcome the crisis and do our best to accompany the leap toward becoming a global leading company.”

President Lee said, “Amid increasing uncertainties such as COVID-19 and the trade dispute between the U.S. and China, I feel both surprised and grateful to the labor union for delegating the wage negotiation adjustment authority to the management to overcome the management environment crisis together. We plan to concentrate all capabilities based on mutual trust and respect to realize management normalization through enhancing competitiveness.”

Meanwhile, on April 10, Hankook Tire held a joint labor-management resolution event to overcome the management crisis caused by COVID-19 and adopted a ‘Joint Declaration to Overcome the Crisis Together by Labor and Management.’

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