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Kia Labor Agreement: Record Compensation Deal Amidst Controversy Over ‘Employment Inheritance’

Kia Labor Agreement: Record Compensation Deal Amidst Controversy Over ‘Employment Inheritance’

SEOUL, Oct. 19 (Korea Bizwire) – Kia’s labor and management recently reached a preliminary agreement on wages, and it includes an unusually large compensation package. What happened is that the labor union successfully used the “employment inheritance” issue as leverage. In simpler terms, they got significant compensation in exchange for removing a clause that should have been [...]

Employment at Restaurants, Bars Up in H2 amid Recovery from Pandemic

Employment at Restaurants, Bars Up in H2 amid Recovery from Pandemic

SEOUL, April 18 (Korea Bizwire) — The number of jobs supplied by restaurants and bars rose on-year in the second half of 2022, data showed Tuesday, as the country returned to pre-pandemic normalcy. Local restaurant businesses employed 1.6 million people in the July-December period, up 43,000 from a year earlier, according to the data compiled [...]

Majority of New Recruits in Manufacturing Sector are Over 60s: Data

Majority of New Recruits in Manufacturing Sector are Over 60s: Data

SEOUL, Oct. 18 (Korea Bizwire) — While employment in the manufacturing industry is recovering, there were more recruits from the older generation than the younger generation, data showed Monday. There were 4.53 million people employed in the manufacturing sector in August, up 240,000 from last year, according to Statistics Korea. Sorted by age, the number [...]