[Jeong Eui-seon Ho Launch] Hyundai Motor Union Proposes Tripartite Meeting "Let's Discuss Future Investment and Employment Together"

"Congratulations on the Inauguration of the New Chairman... Hyundai Motor's Competitiveness Increases When Labor and Management Work Together"

Chung Euisun, Senior Vice Chairman of Hyundai Motor Group, was appointed as chairman on the 14th, marking the full-scale launch of the third-generation management system of Hyundai Motor Group. Hyundai Motor Group, including Hyundai Motor and Hyundai Mobis, held an extraordinary board meeting that morning and approved the appointment of the new chairman Chung. Accordingly, Chairman Chung became the undisputed head of the group just 2 years and 1 month after his promotion to Senior Vice Chairman of the group in September 2018, and 7 months after becoming chairman of Hyundai Motor's board in March this year. The photo shows the Hyundai Motor Group headquarters in Seocho-gu, Seoul on the day. Photo by Kim Hyunmin kimhyun81@

[Asia Economy Reporter Kim Ji-hee] On the 14th, as Chung Eui-sun was appointed Chairman of Hyundai Motor Group, the Hyundai Motor Union proposed a tripartite meeting between the new chairman, the CEO, and the union branch chief.

The Hyundai Motor Branch of the Korean Metal Workers' Union stated in a press release on the same day, "We congratulate the new chairman on his inauguration in accordance with the new era," adding, "Indeed, it is now the era of Chairman Chung Eui-sun at Hyundai Motor. To survive the global competition brought by the 4th Industrial Revolution, labor and management must work together with proactive measures to strengthen Hyundai Motor's competitiveness." They further proposed a tripartite meeting, saying, "We need to jointly plan employment guidance including investment in the 4th Industrial Revolution and discuss how to fulfill the social responsibilities and roles as a national key industry on which millions of lives depend."

The union emphasized, "At the beginning of this year, with the launch of the executive team, we stressed the necessity of a tripartite meeting with the Chief Production Officer, CEO Lee Sang-soo, and the branch chief to eliminate the outdated labor-management relations, but there has been no response so far," and added, "Now that Chairman Chung has become the actual group owner, there is no reason not to hold a tripartite meeting."

They also pointed out, "While former Chairman Chung Mong-koo is credited with growing today's Hyundai Motor by pioneering overseas markets through aggressive marketing, there is also an evaluation that reckless affiliate expansion and illegal and irregular management practices have damaged the corporate image," and criticized, "In particular, labor-management relations were rigidly driven, strikes were induced every year, and union members were antagonized." They urged, "We hope the new chairman will understand his predecessor's achievements and faults well and become a respected manager."

They continued, "Hyundai Motor cannot advance with the old management style that antagonizes the labor union. Recognizing the union and its members as partners to move forward together is the future of Hyundai Motor," they added.

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