No Subway Strike Today... Seoul Metro Labor and Management Reach Agreement on Wage and Collective Bargaining

[Asia Economy Reporter Lim Cheol-young] The Seoul Metro Corporation labor and management, which operate subway lines 1 to 8 in Seoul, reached an agreement on wages and collective bargaining on the 13th. Accordingly, the union decided to withdraw the subway strike that was scheduled for the 14th.

The Seoul Metro Corporation labor and management started the final negotiations at 3 p.m. the previous day and reached an agreement around 11:40 p.m. The labor and management agreed that there will be no forced restructuring due to the financial crisis, and they will form a joint labor-management consultative body to promote safety enhancement and business normalization measures. They also agreed to request the Seoul Metropolitan Government and the central government to compensate for public service cost losses such as free transportation for the elderly and disabled to overcome the financial crisis.

They decided to abolish late-night extended operations and to transfer the operation rights of the Line 7 extension section (Kkachiwool to Bupyeong-gu Office). Separate consultations will be held regarding working hours and personnel management related to this.

The labor-management agreement will be finalized through a vote by union members. A majority of union members must participate in the vote, and more than half of the voters must approve for the agreement to take effect.

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