HD Hyundai Heavy Industries wage deal rejected by 52.14% of union voters

  • HD Hyundai Heavy Industries union members rejected the tentative wage and collective bargaining agreement.
  • 3,932 of 7,541 voters opposed the package, representing 52.14% of ballots cast.
  • The union may intensify industrial action and return to negotiations after seven partial strikes.

HD Hyundai Heavy Industries’ tentative wage and collective bargaining agreement was rejected after 3,932 of 7,541 voting union members opposed it, representing 52.14% of ballots cast. The 8,100-member union recorded a 93.10% turnout, with 3,588 members, or 47.58%, voting in favor. The proposal included a 120,000-won monthly base-pay increase including seniority-based step raises, an 11 million-won lump-sum payment plus an additional 200%, performance bonuses, expanded long-service awards and the hiring of production technicians this year. Management and the union valued the base-pay increase, lump-sum payment and bonuses at 40.56 million won, a record and 10.61 million won above last year. Members’ rejection followed smaller fixed-pay growth than in the previous two bargaining rounds and a 131,786-won base-pay increase agreed by Samsung Heavy Industries and its union. HD Hyundai Heavy Industries’ union is expected to intensify industrial action, potentially including a full strike, while returning to negotiations for a revised offer.

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