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GM Korea, finalizes labor-management partnership this year…the third time after Ssangyong and Hyundai Motor Company

Input 2020.12.18 16:13

GM Korea’s labor and management successfully reached a final settlement within this year’s wage and collective bargaining year.

The National Metal Workers’ Union, GM Korea, said that as a result of voting for and against this year’s temporary agreement for two days from the 17th, 7304 out of 7774 members participated in the agreement with 54.1% (3948) in favor and 43.7% (3196) in opposition. It was revealed on the 18th. As the second interim agreement between labor and management was passed with a majority vote, GM Korea Ssangyong Motor (003620), Hyundai Motor Company (005380)Following this, it was the third time to conclude a collective agreement.

GM Korea Bupyeong 2 Assembly Plant. /yunhap news

Under the agreement, members of GM Korea’s union members will be immediately paid a total of 4 million won in bonuses and special incentives per member. The previous agreement contained the content that it would be paid in the first quarter of next year, but this agreement changed to payment immediately after the conclusion of the agreement. Also, starting January 1 of next year, employees and their families will receive an additional discount of 2% from the current discount rate for each service period, one vehicle per year.

In addition, on January 16 of last year, the management decided to drop a lawsuit for damages worth about 1.5 billion won against five former union executives in the name of production damage. In addition, it does not proceed with civil lawsuits related to the suspension of production against about 10 members of the Bupyeong Plant 2.

On the 10th, GM Korea’s labor and management came up with a second provisional agreement on ‘2020 wage and collective bargaining’. GM’s labor and management came up with a provisional agreement on this year’s collective bargaining last month, but the agreement was rejected in a vote for and against the union members on the 1st.

GM Korea’s union side said, “Because the situation of coronavirus infection (Corona 19) is so serious, the union members threw a lot of votes for approval, but Bupyeong, who even talked about the closure, couldn’t have many votes.” Until normalization, the government and the Industrial Bank of Korea, which had invested 810 billion won, should pay close attention to the factory situation and take responsibility.”

GM Korea’s labor and management have been negotiating a total of 26 times since the labor and management’s first meeting on July 22nd. In the negotiation process, the union held a partial strike for a total of 15 days, and the first provisional agreement was rejected, but due to the prolonged corona 19 crisis, the labor-management narrowed and succeeded in concluding the second provisional agreement.

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