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Hyundai MM freezes seafarers’ wage
Monday, September 04, 2017, 18:24:14 Paul Yoon ckyoon7@paran.com
Hyundai MM’s management and labor have agreed to freeze its seafarers’ wage at the ‘Regular Collective Wage Negotiation for 2017’ (RCWN 2017).

CEO and President C. K. You of Hyundai and Kap-Sik Yoon, President of Hyundai Seafarers’ Union, have agreed to ‘freeze wages with fringe benefits for seafarers at the RCWN 2017 held on last Aug. 30 same as last year, as well as to continuously cooperate for achieving its annual business target’. Also, they have agreed to make win-win efforts to safely operate ships, save ship operation cost and stabilize seafarers’ employment.

Kap-Sik Yoon, President of Hyundai Seafarers’ Union, said with an emphasis: “We, seafarers at Hyundai Union, have agreed to share pains with management amid prolonged shipping slumps. We will also sustain our best cooperation with management to expedite normalization of Hyundai’s shipping service and to grow into the global Top 5 at a leap.”

Meantime, Hyundai’s head-office managers and workers on shore have taken the lead for six consecutive years since 2011 in freezing wages and reducing fringe benefits for seafarers, aiming to normalize its operation at the earliest date. CEO C. K. You said: “I convey my heart-felt gratitude to our staff members at sea and on shore for their sacrificial concession and cooperation. Our management will achieve Hyundai’s business target ahead and early normalize its operation, repaying its debts to Hyundai workers and to Korean people.”
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