SM Vexcel, a manufacturing subsidiary of SM Group, has successfully concluded its wage and collective bargaining agreement without disputes for six consecutive years, from 2021 to 2026.
The company announced on August 13 that the signing ceremony for the 2026 labor agreement took place on August 12 at its headquarters in Gumi, North Gyeongsang Province. Key representatives from both labor and management, including CEO Choi Se-hwan and union chairman Ahn Hyo-yong, attended the event, reaffirming their commitment to a culture of coexistence and trust.
Achieving a dispute-free labor agreement for six years is a rare accomplishment in the domestic manufacturing sector. The labor and management at SM Vexcel have focused on improving working conditions and enhancing employee welfare, in line with the management philosophy of SM Group Chairman Woo Oh-hyun, which emphasizes communication and partnership.
With strengthened labor-management ties, the company plans to enhance its competitiveness in a challenging domestic and international environment by ensuring stable production of key products, including lithium ampule batteries for the defense industry, while also expanding collaboration with its clients.
Choi Se-hwan, CEO of SM Vexcel, stated, "The successful labor agreement over the past six years has been possible due to the strong camaraderie and understanding between labor and management. We will continue to work towards establishing a partnership perspective and ensuring that the valuable outcome of a dispute-free agreement becomes deeply rooted in our organizational culture."
Meanwhile, SM Vexcel is accelerating its efforts to capture the high-value battery market by expanding its business in specialized batteries for industrial and medical use, including lithium ampule batteries used in military radios and guided weapons.
* This article has been translated by AI.
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