Hanwha Life Labor and Management Reach Tentative Agreement on Establishing Sales Company... Business Normalization

[Asia Economy Reporter Oh Hyung-gil] Hanwha Life Insurance's labor and management announced on the 2nd that they have prepared a tentative agreement to establish a sales subsidiary as a new growth foundation. Union members who participated in the annual leave strike have all returned to their work sites.

Hanwha Life's labor and management have tentatively agreed on employment stability guarantees for employees of the newly established corporation scheduled to launch on April 1, job security as regular employees for branch managers, and a physical division plan that inherits current working conditions.

They also agreed to prepare detailed plans for improving the treatment of employees of the new corporation through a separate consultative body.

According to the labor-management agreement, union members all returned to work starting February 2 to ensure that there is no disruption in work for customers and FPs, the company's most important assets. The union members had conducted an annual leave strike for two days on January 29 and February 1.

A Hanwha Life official stated, "Labor and management have reached a tentative agreement through dialogue and consultation," adding, "We will strive to advance sales modernization while enhancing employees' job security and work satisfaction."

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