[
THE INVESTOR] The management and union of
Hyundai Mipo Dockyard, an affiliate of
Hyundai Heavy Industries, said on May 12 that they agreed to arrange paid leave for idle workers.
The agreement is a compromise for the management, which last month had proposed up to one month of unpaid leave to deal with falling orders and an industrywide slump in the shipbuilding business. The company had also suggested a temporary suspension of fringe benefits but was rejected by the union, officials said.
“We cannot accept unpaid leave, which will directly affect the livelihoods of our members. Such an act would pass on the cost of keeping idle workers to the employees,” the union said.
By Alex Lee and newswires (
alexlee@heraldcorp.com)