SPC Group PB Partners Reaches Labor-Management Agreement with Hwaseom Union... Launches Social Agreement Development Council

After the labor-management agreement on the 3rd, Hwang Jae-bok, CEO of PVB Partners (left), and Shin Hwan-seop, Chairman of the Chemical Fiber Union, are holding up the agreement document. Photo by the National Chemical Fiber Union

[Asia Economy Reporter Moon Hyewon] A labor-management agreement between SPC Group and the Korean Confederation of Trade Unions (KCTU) National Chemical, Textile, and Food Industry Workers' Union was reached on the 3rd.

On the same day, SPC Group affiliate PB Partners and the Chemical Fiber Union reached a labor-management agreement in the morning and launched the "Social Agreement Development Council." Both parties agreed to use this council to verify the implementation of the agreement. Additionally, a labor-management council will be formed, where the representative will apologize for unfair labor practices and personnel actions will be taken against those responsible for such misconduct.

Furthermore, both sides agreed to guarantee and support union activities, ensure new employees' right to choose their union, and provide company-level campaigns related to union selection.

After signing the agreement, both parties also agreed to withdraw mutual lawsuits, complaints, and accusations. The Chemical Fiber Union plans to dismantle the protest tents installed near the Yangjae office building.

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