POSCO Chemical Labor and Management, 26 Consecutive Years of Non-Negotiated Wage Agreements

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[Asia Economy Reporter Oh Hyung-gil] POSCO Chemical has set a record by delegating wage negotiations without dispute for 26 consecutive years.

On the 28th, POSCO Chemical held the '2022 Wage Negotiation Delegation Ceremony' at its headquarters in Pohang, attended by labor-management officials including CEO Min Kyung-jun, Hwang Seong-hwan, Chairman of the Maintenance Union, Ma Suk-ung, Chairman of the Manufacturing Union, Kim Young-hwa, Employee Representative of the Labor-Management Council, and Shin Yong-su, Head of the Maintenance Union Gwangyang Branch.

Since 1997, POSCO Chemical has achieved the longest record of wage negotiations settled without dispute among manufacturing companies with over 1,000 employees.

On this day, labor and management pledged to join forces to further enhance business competitiveness and create a safe workplace based on a future-oriented labor-management relationship, agreeing to decide this year's wages without negotiation.

POSCO Chemical is promoting investments in the secondary battery materials sector, including establishing a joint venture with GM for cathode materials in North America, constructing a 100,000-ton annual capacity precursor plant in Gwangyang, and building a new cathode materials plant in Pohang. In May, it plans to complete and start operating the world's largest single-plant cathode materials factory with an annual capacity of 90,000 tons in Gwangyang.

CEO Min Kyung-jun said, "The culture of harmony between labor and management, which we have developed together over a long time, is our greatest pride and competitiveness," adding, "Let all employees unite to create a happier and safer workplace."

Union representatives stated, "We decided to delegate so that the company can achieve results from investments for future growth and focus on management activities," and added, "We will work together to develop a win-win labor-management culture."

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