Korea Shipbuilding & Offshore Engineering "Successor to Hyundai Heavy Industries in Ordinary Wage Lawsuit Party Status"

[Asia Economy Reporter Park So-yeon] Hyundai Heavy Industries Group's shipbuilding holding company, Korea Shipbuilding & Offshore Engineering, announced on the 21st that it has transferred the status of the party in the recently remanded ordinary wage lawsuit to Hyundai Heavy Industries.

Korea Shipbuilding & Offshore Engineering stated, "When Hyundai Heavy Industries was incorporated as a subsidiary through a physical division in June 2019, the status of the party in the wage claim lawsuit was succeeded by Hyundai Heavy Industries."

Accordingly, Hyundai Heavy Industries will hold the status of the party in the future remand trial.

Furthermore, Korea Shipbuilding & Offshore Engineering and Hyundai Heavy Industries announced on the same day that "according to the judgment, the company plans to set up a provision for liabilities at the point when the amount to be paid to affiliated workers can be reasonably estimated."

Another subsidiary of Korea Shipbuilding & Offshore Engineering, Hyundai Mipo Dockyard, also announced that it plans to set up a provision for liabilities following the remand of a separate wage claim lawsuit filed on the same grounds.

Meanwhile, the Supreme Court previously overturned the original ruling in favor of the company in the wage claim lawsuit filed by 10 Hyundai Heavy Industries workers representing all employees against the company on the 16th, and remanded the case to the Busan High Court. Hyundai Heavy Industries labor and management have been engaged in a nine-year legal battle over whether regular bonuses and holiday bonuses should be included in the retroactive ordinary wage payments.

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