Linear wage increase at Hyosung

After many months of negotiations, the OGBL, LCGB and Hyosung’s management signed a new collective bargaining agreement on March 13, 2023 covering the company’s approximately 120 employees.

The new collective bargaining agreement was negotiated for a period of two years, from January 1, 2023 to December 31, 2024.

It includes a linear salary increase for all employees of the company as of January 1, 2024. Employees paid by hour will receive an increase of 0.10 euros/hour and employees paid by the month 17.30 euros/month.

In addition, the soiling bonus (for dirty work) will be increased from 0.90 euro/hour to 1.50 euro/hour, with retroactive effect to March 1, 2023.

Finally, it should be noted that the negotiations took place in a good social climate.

Located in Colmar-Berg, Hyosung produces metal wire for tires and is a supplier of Goodyear.

Press release by the OGBL Chemistry Syndicate,
March 14, 2023