POSCO Workers Stage Partial Strike over Wage Dispute
5 Articles
5 Articles
POSCO’s tradition of no labor disputes, which has continued since its founding in 1968, has been broken. The union, which went on strike due to difficulties in this year’s wage negotiations, claimed that “management is showing no willingness to negotiate, trapped in the framework of ‘once a week.’” The POSCO Labor Union, affiliated with the Federation of Korean Metal Workers’ Unions (FKTU), began operations at the No. 2 Electrical Steel Sheet Wo…
POSCO workers stage partial strike over wage dispute
The labor union of Korean steelmaker POSCO Co. on Wednesday began a two-day partial strike after failing to narrow differences with management over wages and other compensation. The walkout marks the first strike by POSCO workers since the company was established in 1968. The 48-hour partial strike began at 7 a.m. involving 40 workers at the Pohang plant and 80 at the Gwangyang plant, according to the labor union. POSCO has about 17,000 employee…
POSCO, Korea's largest steel company, has broken its 58-year "no-strike" record. The POSCO labor union began a partial strike on the morning of the 9th at 7 a.m., halting some production lines at the Gwangyang and Pohang steelworks for 48 hours. Although labor and management engaged in a tug-of-war over conditions for resuming negotiations right up until the strike, they ultimately failed to narrow their differences regarding the extent of base …
(Pohang=Yonhap News) Reporter Son Dae-seong = As POSCO management and labor failed to narrow their differences in wage negotiations, the labor union went on a partial strike.
[Digital Daily Reporter Kim Yoo-jin] POSCO, Korea's largest steel company, has broken its 58-year record of no labor disputes. This occurred as the POSCO labor union launched a 48-hour partial strike on the 9th, halting production lines at the Pohang and Gwangyang steelworks. As labor and management ultimately failed to narrow their differences regarding base wage increases and performance compensation during wage and collective bargaining nego…
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