Daewoo Shipbuilding & Marine Engineering Occupation Ended... Subcontractor Labor and Management Agree on 4.5% Wage Increase, Strike Ends After 51 Days

The labor-management negotiation between Daewoo Shipbuilding & Marine Engineering Metal Workers' Union Subcontractor Branch was dramatically resolved. [Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Se-ryeong] The strike by the subcontractor branch of the Daewoo Shipbuilding & Marine Engineering (DSME) Metal Workers' Union, which had escalated to a crisis involving government law enforcement intervention, has ended after 51 days.

The final negotiation table was set on the morning of the 22nd, just before the start of DSME's summer vacation scheduled for the 23rd.

The subcontractor branch and the partner companies' council sat at the negotiation table from 8 a.m., repeatedly adjourning and resuming, finally reaching an agreement in the afternoon.

They agreed on a 4.5% wage increase and decided to pay 500,000 won for holiday bonuses during Lunar New Year and Chuseok, and 400,000 won for summer vacation bonuses.

Regarding the maintenance of employment succession for workers of closed companies, a fundamental agreement was reached, but issues related to damage compensation lawsuits against striking workers are reportedly still unresolved.

With this dramatic settlement, the Okpo Shipyard 1 dock, which had been occupied by union members, was vacated, and union members who had confined themselves in a narrow iron cage to continue their protest came out.

The Gyeongnam Provincial Police Agency stated that although the negotiations have been settled, they plan to investigate the illegal occupation of the shipyard worksite by union members according to legal procedures.

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