News / HMM and staff reach wage and bonus agreement after 18-hour negotiation

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Following 18 hours of talks, HMM’s management and unions representing the Korean flagship carrier’s seafarers and office staff have reached agreement on salaries.

Salaries will be raised by 7.9% and staff will be given bonuses of up to 650% of monthly salaries.

HMM’s employees were unhappy at increments of just 2% this year after the company achieved a record profit resulting from Covid-19-related supply chain disruptions. And salaries had been frozen between 2011 and 2019, years when the line was often in ...