SK Innovation reaches collective labor agreement in 3 weeks

The management and labor union of SK Innovation held a signing ceremony Monday to renew the collective labor agreement for 2019 at the SK building in downtown Jongno, Seoul.

An interim agreement was drawn in three weeks after initiating a negotiation on July 2. The management and the union have reached a final agreement, earning 77.6 percent of approvals in a labor union vote on Thursday. “In June, we agreed to adopt a “collective agreement frame innovation” to expedite the negotiation in a more productive way, and this time, we proceeded with our negotiation in accordance with the new frame,” said SK Innovation on Monday.

The management and the labor union reached a set of agreements such as expanding medical support for the treatment of rare and intractable diseases and pregnancy disorders, increasing housing loans, and forming a “joint labor welfare fund for partner companies” sourced by the Happiness Sharing Fund, which is financed with 1 percent of union members’ basic pays.


Dong-Il Seo dong@donga.com