Hanwha Ocean and its labor union have reached a tentative agreement in this year's wage and collective bargaining negotiations, which includes a basic salary increase of 140,000 won and a one-time payment of 8.5 million won.
According to industry sources on the 27th, Hanwha Ocean and the Hanwha Ocean branch of the National Metal Workers' Union signed the '2026 Collective Bargaining Agreement Tentative Agreement.' The agreement will be presented to union members for a vote on the 29th, and if approved, the negotiations will be finalized.
The tentative agreement stipulates a basic salary increase of 140,000 won, which includes a promotion and step increase of 23,689 won. This increase will be retroactively applied from March 1 of this year, with the retroactive amount to be paid on December 7, the salary date in November.
The one-time payment consists of 4.5 million won for the settlement date, 1 million won as a mutual encouragement payment, and 3 million won as an AX innovation incentive, totaling 8.5 million won. If approved at the union meeting, payment will be made within five business days.
Welfare support will also be expanded, with annual welfare points increased to 1 million won and monthly support for pre-school children raised from 100,000 won to 300,000 won.
Regarding re-employment after retirement, a contract position will be offered for one year to those born in 1966. The re-employment period for those born in 1965 will also be set at one year, with the number of eligible individuals determined based on review criteria.
After finalizing the negotiations, the parties agreed to establish a 'Performance-Based Compensation System Improvement Task Force (TF)' composed of practical negotiators, which will operate until the end of this year. The TF will derive criteria for financial and strategic performance bonuses using metrics such as operating profit, sales, operating profit margin, and safety indicators.
If the tentative agreement is approved at the union meeting, a special day off will be granted on the 30th.
* This article has been translated by AI.
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