HJ Heavy Industries Becomes First in Shipbuilding Sector to Conclude 2026 Wage and Collective Agreement

69.4% Approval in Union Vote

Base Salary Increased by 80,000 Won, 8 Million Won in Incentives

Labor-Management Cooperation to Enhance Competitiveness in Eco-Friendly and Special-Purpose Vessels

HJ Heavy Industries labor and management were the first in the shipbuilding industry to conclude this year's wage and collective bargaining agreement.

While major companies in the shipbuilding industry continue their negotiations, this early agreement has helped reduce management uncertainty stemming from potential labor disputes.

On September 28, HJ Heavy Industries labor and management announced that the tentative agreement reached on September 16 was approved with a 69.4% majority in the union vote held on September 17.

HJ Heavy Industries labor and management held a signing ceremony for the collective agreement on the 28th.

After commencing negotiations with an inaugural meeting in May, labor and management concluded this year's talks with a signing ceremony for the wage and collective agreement on the day of the announcement. The agreement includes a flat increase of 80,000 won in the base salary, a 6 million won performance incentive to be paid in 2026, and a 2 million won settlement incentive.

This resolution was based on a shared understanding that both labor and management must secure a foundation for continued growth in line with the improving shipbuilding market and the company's improved performance. The two sides were able to reach an early agreement through continued dialogue and consultation built on mutual trust.

With the conclusion of the agreement, HJ Heavy Industries will strengthen cooperation between labor and management and focus on improving productivity and technological capabilities. The company also plans to enhance the competitiveness of its core businesses, including eco-friendly and high value-added ships, as well as special-purpose vessels and naval MRO projects.

Yoo Sangchul, CEO of HJ Heavy Industries, stated, "Thanks to the concerted efforts of all members of the company, we were able to reach an early resolution of the wage and collective bargaining agreement," adding, "We will continue to strengthen our future competitiveness based on trust and the spirit of collaboration, so as to contribute to the advancement of the shipbuilding industry."

This content was produced with the assistance of AI translation services.