Hanwha Life Labor Union to Strike Until Next Month... "Continuing Talks to Reach Agreement" (Comprehensive)

Request to Conclude Employment Stability Agreement Before Establishment of Seller Company

[Asia Economy Reporter Oh Hyung-gil] The labor union of Hanwha Life Insurance, which has announced the establishment of a sales-specialized subsidiary, will go on strike until the 22nd of next month.

The Hanwha Life Insurance branch of the National Office and Financial Workers' Union announced that starting from the 29th, it will begin a "general strike to demand the conclusion of an employment stability agreement due to the forced conversion of exclusive channels to the corporate agency (GA) subsidiary." During the strike period, all union members plan to suspend their work.

Hanwha Life Insurance management and labor held negotiations for three weeks from the 5th to the 26th to narrow differences regarding the "policy of separating manufacturing and sales companies (physical division)."

The union stated, "The company's decision to convert the entire exclusive channel to GA is being pushed forward without any minimum safeguards or verification," and added, "We have conveyed concerns to the management that they may not be able to bear the enormous risks."

They further emphasized, "If the company insists on forcibly implementing the physical division despite the union's objections, it has the responsibility to resolve the employment instability that the physical division will cause," and "This responsibility is guaranteed by the collective agreement made with the labor union."

They criticized, "Throughout the negotiation period, the management blindly insisted on the policy of forced conversion of exclusive channels to the GA subsidiary by physical division and ultimately failed to present responsible measures to resolve the employment instability of union members, leading to the breakdown of negotiations."

Hanwha Life Insurance operates a help desk supporting customer service and a business support desk assisting insurance planners' sales activities both at headquarters and on-site.

A Hanwha Life Insurance official said, "The participation rate of branch managers in the strike is understood to be low, so there is no significant impact on customer service or support tasks," and added, "We will continue to engage in dialogue to reach a smooth agreement with the union."

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