Ssangyong C&E Union Delegates Wage Negotiations to Management for Third Consecutive Year

The Ssangyong C&E union has delegated wage negotiations to management for the third consecutive year. From the left, Donghwan Choi, Chairman of the Ssangyong C&E Labor Union, and Hyunjun Lee, President.
[Photo by Ssangyong C&E]

[Asia Economy Reporter Kim Jong-hwa] The Ssangyong C&E labor union has delegated this year’s wage negotiations to the company to overcome the COVID-19 crisis.

Since the establishment of the labor union in 1964, Ssangyong C&E has maintained the longest streak of 58 consecutive years without labor disputes among domestic companies, and the delegation of wage negotiations to the company has continued for three consecutive years since 2020.

On the 27th, Ssangyong C&E signed the "2022 Wage Agreement" at its headquarters in Jung-gu, Seoul, with labor and management representatives including President Lee Hyun-jun and Labor Union Chairman Choi Dong-hwan, delegating all authority regarding this year’s wage negotiations to the company.

The labor union’s decision to delegate wage negotiations to the company for three consecutive years is interpreted as a consideration of difficult management conditions, including profit deterioration due to the sharp rise in the price of essential fuel, thermal coal, amid the prolonged COVID-19 pandemic, and the ongoing cement inventory shortage caused by serious accidents at the workplace.

Labor Union Chairman Choi Dong-hwan said, "We have delegated wage negotiations to the company to jointly resolve various difficult management situations between labor and management," adding, "We will do our best to improve productivity to enhance the company’s competitiveness and to strictly comply with basic safety rules to prevent accidents at our workplace."

President Lee Hyun-jun also stated, "I am grateful that the labor union has delegated wage negotiation authority to the company to overcome the management crisis and promote company development amid rapidly changing business environments, and at the same time, I feel a heavy responsibility," adding, "We will further solidify our foundation as a comprehensive environmental company through carbon neutrality by realizing coal phase-out management by 2030 and continuously expanding environmental business."

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