Hanil Cement Union Delegates This Year's Wage Negotiations to Management... 56 Years Without Disputes

Jeon Geun-sik, CEO of Hanil Cement (right), is taking a commemorative photo after signing the wage negotiation delegation agreement with Shin Gwang-seon, the labor union chairman.
[Photo by Hanil Cement]

[Asia Economy Reporter Kim Jonghwa] Hanil Cement announced on the 27th that the Hanil Cement Labor Union has agreed to fully delegate the 2021 wage negotiations to the company, concluding the negotiations. This was a mutual decision by labor and management to overcome the management crisis caused by the spread of COVID-19 and to swiftly implement ESG management.

On the 26th, Hanil Cement held a meeting at the Hanil Cement building located in Seocho-gu, Seoul, where representatives from both labor and management, including CEO Jeon Geun-sik and Labor Union Chairman Shin Gwang-seon, signed an agreement to delegate all authority regarding this year's wage negotiations to the company.

CEO Jeon said, "The culture of trust and coexistence between labor and management has been the driving force behind Hanil Cement's continued growth," adding, "I thank the union members who chose this beautiful journey of coexistence, and let us join forces to become a true top-tier company in the cement industry."

Chairman Shin responded, "Although this is a meaningful year marking the 60th anniversary of our founding, it is also a time when labor and management must unite their capabilities to overcome COVID-19 and implement ESG management," stating, "Despite the difficult internal and external business environment, we decided to delegate authority so that the company can achieve results in future development investments and focus on management activities."

Meanwhile, Hanil Cement has maintained 56 consecutive years of labor peace without disputes since the establishment of its labor union in 1965, based on a culture of coexistence and harmony between labor and management.

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