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HHI workers are planning a partial strike for Friday

Mar 17,2020
Unionized workers at Hyundai Heavy Industries will enter a partial strike on Friday as they have yet to seal a wage deal for 2019, the union said Monday.

Hyundai Heavy and its union have held 46 rounds of negotiations from May 2 last year through March 12 to narrow their differences over wages and the standards for bonuses.

“The union will hold a two-hour strike on Friday as the wage talks are at a stalemate,” a union spokesman said by phone.

The union has demanded a 6.68 percent increase in basic pay and asked the company to pay some bonuses despite declines in earnings. But the company balked at the idea of paying a bonus despite poor performance.

Hyundai Heavy, the world’s biggest shipbuilder by total orders, posted a net profit of 115.3 billion won ($94 million) in 2019, down 59 percent from 284 billion won a year earlier.