Busan Transportation Corporation Reaches 5th Consecutive Year of Dispute-Free Collective Bargaining Agreement

Wage Agreement Signing Ceremony on the 17th... 5 Consecutive Years of No Disputes

2.5% Wage Increase, Agreement on Improving Conditions for Public Service Workers

The Busan Transportation Corporation labor and management have reached a wage agreement without disputes for the fifth consecutive year.

Busan Transportation Corporation (President Lee Byung-jin) announced on the morning of the 17th that it signed the 2024 wage agreement with the Busan Transportation Corporation Labor Union (Chairman Choi Jeong-sik) at the corporation's headquarters located in Beomcheon-dong.

This agreement follows the provisional agreement reached during the final negotiations between labor and management, which was approved at the union delegates' meeting on the 16th.

The corporation and the union discussed improvements in working conditions such as wages and welfare, focusing on citizens' safety and the sustainable development of the corporation. They reached a consensus on minimizing citizen inconvenience caused by strikes and the corporation's difficult financial situation, concluding the wage negotiations without disputes.

This year's wage negotiations began on June 4 and, after 16 rounds of talks, narrowed differences to reach a provisional agreement on the 10th.

The main points of this negotiation include ▲ a 2.5% wage increase ▲ improvement of treatment for public service workers ▲ cooperation for safe urban railway operation. In particular, to reduce the wage gap for public service workers, managerial staff at the department head level and above will return 50% of their wage increase to provide a monthly compensation allowance of 80,000 KRW to public service workers. Additionally, labor and management agreed to mutually cooperate for safe urban railway operation to ensure citizen safety and to work together to provide better services.

Lee Byung-jin, President of Busan Transportation Corporation, said, “This agreement is very meaningful as it marks the fifth consecutive year of dispute-free settlement and is a result of labor and management working together and sharing concerns during difficult times.” He added, “We will do our best to create a safe and convenient urban railway environment through establishing a rational labor-management relationship based on communication and harmony.”

Busan Transportation Corporation has successfully concluded collective bargaining negotiations without disputes for five consecutive years and is taking a commemorative photo.

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