Hanwha Ocean Successfully Concludes First Labor-Management Negotiation Since Inception

Hanwha Ocean successfully concluded its first labor-management negotiations since its launch.

On the 17th, Hanwha Ocean's labor and management held a signing ceremony for the 2023 wage negotiation agreement. The ceremony was attended by Hanwha Ocean CEO Kwon Hyuk-woong, branch chief Jeong Sang-heon, and other labor-management negotiation committee members.

Hanwha Ocean labor and management held the signing ceremony for the 2023 wage negotiation agreement on the 17th. The signing ceremony was attended by Kwon Hyuk-woong, CEO of Hanwha Ocean (fourth from the left in the front row), and Jeong Sang-heon, branch president, along with other labor and management negotiation committee members.

Both sides empathized with the difficult business environment and made mutual concessions to early recover from the increasing workload and delayed production processes, reaching an agreement last month. This settlement is significant as it was achieved before the summer vacation for the first time in nine years since 2014, when the company’s management faced difficulties, during the first negotiation after Hanwha Ocean’s launch.

In May, Hanwha Ocean’s labor and management signed a labor-management coexistence agreement, promising to cooperate for sustainable development and job security for employees based on mutual trust and understanding.

CEO Kwon stated, "Thanks to the spirit of labor-management coexistence that has continued since the launch, we were able to achieve the earliest settlement in the industry." He added, "Based on labor-management trust and cooperation, all members will do their best in their respective positions to achieve business performance in the second half and transform into a sustainable company with unparalleled competitiveness."

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