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[Alpha Biz=(Chicago) Reporter Kim Jisun] Labor and management of Ourhome, a comprehensive food company, have agreed to raise wages by 4.2% on average this year.
Since Vice Chairman Koo Ji-eun's system in June 2021, collective bargaining between labor and management has been concluded without a strike for three consecutive years.
According to the food industry on the 11th, labor and management of Ourhome recently agreed to a collective bargaining plan. The collective bargaining bill was also approved in a vote for and against the union members. Ourhome labor and management plan to hold a signing ceremony soon after coordinating the details of the negotiations.
The collective bargaining was concluded in about six months after dozens of negotiations and several working-level negotiations between labor and management since April. The union earlier called for an average 8.5% increase in wage this year, an increase in the fixed amount of 2 million won, and the payment of incentives for achieving Ourhome's biggest performance last year.
The management proposed an average wage increase of 1.9% and a fixed increase of 1 million won as the final draft in August. The Ourhome union rejected the management's final negotiation proposal and filed a labor dispute mediation application with the National Labor Relations Commission.
Ourhome labor and management agreed to raise wages and introduce a new incentive system during the collective bargaining. In accordance with the Target Management Act (MBO), it is reported that the details are being coordinated in the form of performance-based payments.
Under the labor-management agreement, Ourhome will reach an agreement to raise wages without a strike for the third consecutive year immediately after Koo took office in 2021. This seems to have been driven by the prospect of improving profitability this year. Ourhome's average wage increase rate for employees in 2021 was 6.52% and last year was 6%.
Our home performance has also been growing recently. Ourhome's consolidated operating profit rose 109% year-on-year to 53.7 billion won last year, with sales rising 5.44% to 1.8354 trillion won. Net profit during the same period rose 425.3 percent to 25.5 billion won, the report showed.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
