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Naver, which recently posted the best performance in history last year following Samsung and LG, led by SK Hynix, is also having conflict with labor and management over the standards for paying incentives for employees.
According to the IT industry on the 16th, the Naver union (Naver branch of the Korean Federation of Trade Unions, chemical fiber food union) sent an e-mail to all executives and employees on the 6th of this month stating, “Disclose the standards for calculating performance pay transparently.”
Last year, Naver hit a non-face-to-face wind and achieved the highest performance ever. However, there are criticisms that the paid incentives are less than that. It has been found that the labor union in particular requested an improvement in the non-disclosure of the incentive payment criteria.
The management has already explained the rate of increase in performance pay by grade, and is in a position to hold an additional briefing session at the end of this month. Earlier, it was reported that the management explained that the criteria for paying incentives were’similar to the previous year.
Naver posted a consolidated sales of 5,3041 billion won and an operating profit of 1,2153 billion won last year. This is an all-time high, up 21.8% and 5.2%, respectively, from 2019.
In addition, when the union sent an e-mail to all employees, the management sent an official letter saying that it was’use of e-mail irrelevant to work’ and demanded a recall, showing signs of intensifying conflict.
A union official said, “It is part of the legitimate union activities guaranteed by the Constitution, and we are very sorry for the idea that the management only observes the employment rules unilaterally set.”
Kim Jeong-ho, visiting reporter at Hankyung.com [email protected]
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