HD Hyundai Heavy Industries and its union reached a tentative agreement on this year's wage and collective bargaining negotiations after 14 hours of talks, 120 days after their first meeting on June 2. The deal includes a 120,000-won monthly base-pay increase, including 50,000 won in step-based raises, an 11 million-won one-time payment, a bonus equivalent to 200% of monthly base pay and performance-based pay. The company estimated combined payments at 40.56 million won per union member, up 10.61 million won from a year earlier. The union's first-time demand for at least 30% of operating profits was not included. The agreement expands benefits for long-service employees, retirees and parents, including two months of base pay for employees retiring after 20 years, 14 days of consolation leave for workers nearing retirement, higher five- and 10-year service rewards, and childbirth leave of 20 days, up from 10. It also includes six days of annual fertility-treatment leave, retirement-year medical checkups for employees and spouses, and integration of collective agreements following the HD Hyundai Mipo merger. The latest account says union members will vote on Nov. 2, with approval requiring a majority of participating voters; an earlier account listed Oct. 2.