"Finalized with majority support at the general meeting"... Renault Korea labor and management conclude collective bargaining agreement after 15 rounds of negotiations.

*This content was translated by AI.

Renault Korea Motors (CEO Nicolas Parry) announced on the 8th that it officially held the "2026 Wage and Collective Bargaining Signing Ceremony" at its Busan plant, attended by key management and employee representatives from both labor and management sides, thereby finalizing this year's collective bargaining agreement schedule.

Renault Korea's management and labor unions launched formal negotiations following a preliminary meeting held in April, continuing their dialogue to reach a mutually agreeable consensus. After a total of 15 rounds of main and working-level negotiations, both sides successfully aligned their positions and produced a tentative agreement. Subsequently, during the general employee assembly held on August 26, a referendum was conducted among union members. With more than half of the voters casting affirmative votes, the 2026 labor-management collective bargaining agenda was ultimately approved.

Following the smooth conclusion of this year's labor-management committee negotiations, Renault Korea has solidified the stability of production at its Busan plant and overall corporate management, based on mutual growth and cooperation between labor and management. The company is now leveraging this strong foundation to maximize improvements in its business performance for this year while concentrating its full organizational capabilities to ensure the successful launch and market establishment of various new vehicle projects scheduled for the future.

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*This content was translated by AI.