Daewoo Shipbuilding & Marine Workers' Union: "Hanwha Must Guarantee Employment Succession"

[Asia Economy Reporter Oh Hyung-gil] Workers at Daewoo Shipbuilding & Marine Engineering (DSME) have presented demands regarding employment succession to Hanwha, the party acquiring management rights.

The Daewoo Shipbuilding branch of the Korean Metal Workers' Union held a press conference on the 19th at the union office in Jung-gu, Seoul, stating, "After gathering opinions from internal members and local residents, we have formulated four major demands," and added, "Hanwha should generously accept these demands and promise improvements in treatment and the development of the Geoje region."

The four major demands are ▲ employment guarantee ▲ succession of labor union and collective agreements ▲ company development ▲ regional development.

Additionally, the union demanded that no artificial restructuring such as voluntary retirement or spin-offs, nor any personnel or asset division, be carried out. They also insisted that after the acquisition of management rights, the existing union's collective agreements and employment rules be fully inherited, and that wages and welfare be guaranteed at levels comparable to the same industry.

They further requested ▲ prohibition of company division by headquarters ▲ prohibition of company asset sales ▲ appointment of specialized management in shipbuilding ▲ improvement of low wages and multi-level employment structures for subcontractor workers ▲ expansion of local talent recruitment.

The Daewoo Shipbuilding branch stated, "It is now time for Hanwha to come to the negotiation table," and added, "We are not opposing the sale to Hanwha. We hope that the Daewoo Shipbuilding branch, as a stakeholder, participates to discuss the company's development direction and ensure a successful sale."

The Korea Development Bank announced on the 26th of last month that it would sell Daewoo Shipbuilding & Marine Engineering to Hanwha Group. Hanwha Group plans to secure management rights by purchasing a 49.3% stake in Daewoo Shipbuilding through a paid-in capital increase worth approximately 2 trillion won.

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