Homeplus Labor and Management Reach 2024 Wage Agreement... 3.3% Salary Increase

3 Consecutive Years of Strike-Free Agreements
Introduction of Low-Dose Lung CT Support for Kitchen Section Workers

Homeplus announced on the 29th that it has reached a final agreement and held a signing ceremony for the '2024 Wage and Collective Agreement (Wage and Collective Bargaining Agreement)' with the representative labor unions, the Mart Industry Labor Union Homeplus Branch and the Homeplus General Labor Union.

Homeplus emphasized that by reaching this wage and collective agreement, it has achieved the milestone of three consecutive years of strike-free settlements since 2022.

On the 28th, Homeplus held a signing ceremony at its headquarters in Deungchon-dong, Seoul, after reaching a final agreement on the '2024 Wage and Collective Agreement' with the Mart Industry Labor Union Homeplus Branch and the Homeplus General Labor Union. Attending the signing ceremony, Lee Jong-sung, Chairman of the Homeplus General Labor Union, Jo Joo-yeon, President of Homeplus, and Kang Woo-cheol, Chairman of the Mart Industry Labor Union, are taking a commemorative photo. (From left) [Photo by Homeplus]

In this wage and collective agreement, both labor and management agreed on ▲ a 3.3% wage increase for positions from senior staff to manager ▲ introduction of a low-dose lung CT support system for health management of employees working in the cooking section ▲ implementation of protective announcement broadcasts for customer-facing workers. Additionally, considering labor environment and social changes, further updates were reflected in the welfare regulations.

Homeplus will increase wages by 3.3% for positions from store senior staff to manager, and from headquarters senior staff to full-time positions. For other positions, the increase rate will be applied differentially based on performance. This wage increase will be applied starting from the April salary, and retroactive payments for the period from January to March of this year will be paid together with the April salary. At the same time, to commemorate three consecutive years of dispute-free settlements and to express gratitude to employees, Homeplus will provide all employees with an additional Homeplus gift certificate worth 100,000 KRW.

Hwang Jeong-hee, Vice President and Head of Human Resources at Homeplus, stated, "2024 is a crucial year that will determine Homeplus's sustainable growth," adding, "In the wage and collective bargaining negotiations, both labor and management shared a consensus on the necessity of overcoming the crisis and achieved a stable settlement for three consecutive years through a magnanimous decision. Moreover, through the Hanmaeum Council (Labor-Management Council), the employee representative body, efforts were made for constructive and productive communication, which is highly meaningful as it secured internal momentum for a new leap forward."

Meanwhile, Homeplus was the first in the distribution industry in 2019 to convert all indefinite-term contract employees to regular positions.