Mando Labor and Management Reach Final Agreement on This Year's Wage Negotiations: "Wage Freeze Decided"
[Asia Economy Reporter Kim Ji-hee] The labor and management of automotive parts company Mando have decided to freeze wages in this year's wage and collective bargaining negotiations.
According to Mando on the 30th, after the labor-management negotiations on the 29th, the negotiations were concluded following a union approval vote on the 2020 wage and collective agreement on the morning of the same day. This agreement, settled without dispute for the eighth consecutive year, includes a wage freeze and the use of substitute leave for annual paid vacation.
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Kim Kwang-heon, Vice President of Mando, stated, "This year, amid the challenging business environment caused by the novel coronavirus disease (COVID-19), labor and management have agreed on a wage freeze with a shared understanding, and we will overcome the crisis based on a cooperative labor-management relationship."
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