HMM's two labor unions agreed on a wage agreement after more than two months of wrangling and threats of strikes.
HMM headquarters in central Seoul on Aug. 30. [YONHAP]
HMM’s union agreed to renegotiate a wage increase next week, putting off a threat of a mass resignation next Wednesday as a form of a strike.
HMM’s union voted to go on strike after wage negotiations with management failed.
One of HMM’s labor unions did not reach an agreement with management on wages Thursday, giving the union the right to go on a strike.
The possibility of a strike at HMM has increased as one of its unions failed to support a wage proposal from management.