POSCO Workers Stage 2nd Partial Strike over Wage Demands
The union wants a 7.1% base-pay increase and bonuses after management offered 2%, widening the gap in talks.
- On Sept 16, unionized workers at POSCO began a 120-hour partial strike at steel plants in Pohang and Gwangyang, South Korea, following failed wage negotiations with management.
- Stalled wage talks prompted this second walkout as unionized workers demand a 7.1 percent base pay increase and bonuses, while management has only proposed a 2 percent raise.
- The 120-hour action follows a 48-hour walkout on Sept 9 that involved 120 workers, marking the first strike in POSCO's history since the company was founded in 1968.
- Management stated operations will face no major disruption, with about 60 workers from each Pohang and Gwangyang plant expected to join, though unionized workers warned of inevitable operational issues.
- Beyond wage disputes, unionized workers cited staffing shortages and aging facilities as critical concerns that could lead to safety incidents at POSCO plants.
11 Articles
11 Articles
As POSCO management and labor failed to reach an agreement in this year's wage negotiations, the union launched its second strike since the company's founding. The POSCO Labor Union, affiliated with the Federation of Korean Metal Workers' Unions (FKTU), halted operations at the No. 2 Hot Rolling Mill in the Hot Rolling Division of the Pohang Steelworks and the No. 4 Hot Rolling Mill in the Hot Rolling Division of the Gwangyang Steelworks startin…
(Pohang=Yonhap News) Reporter Son Dae-seong = As POSCO management and labor failed to narrow their differences during additional wage negotiations, the union launched a second partial strike.
Re-negotiations between POSCO management and labor broke down on the 15th. According to the POSCO Labor Union under the Federation of Korean Metal Workers' Unions (FKTU), the two sides resumed wage talks at POSCO headquarters at 2 p.m. on that day but failed to reach an agreement. Although the talks were held 12 days after the last session on the 3rd, it appears that the two sides failed to reconcile their differences in position. A POSCO union …
The POSCO labor union has launched a second partial strike just a week after staging its first strike in the company's 58-year history following the breakdown of wage negotiations. Controversy is mounting over the payment of a daily allowance of 300,000 won to striking members. The POSCO labor union announced that it began its second partial strike on the morning of the 16th, which will last for 120 hours. The strike is taking place at the No. 2…
Social News XYZ
Workers stage second partial strike at POSCO over wage demands
Seoul, Sep 16 (SocialNews.XYZ) Unionised workers at South Korean steelmaker POSCO began a second partial strike on Wednesday after failing to narrow differences with management in wage negotiations. The 120-hour walkout began at 7 a.m.... - Social News XYZ
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