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McDonald’s Part-Timers Struggle with Unpaid Wages

McDonald’s Part-Timers Struggle with Unpaid Wages

SEOUL, Jan. 11 (Korea Bizwire) – McDonald’s Korea’s Mangwon branch had its franchise contract with the fast food company terminated on December 1 of last year.  According to McDonald’s, the owner of concern had been failing to fulfill the terms of agreement, including paying the company franchise commissions amounting to a total of about 700 [...]

Railroad Employees Return to Work After 74-Day Walkout

Railroad Employees Return to Work After 74-Day Walkout

DAEJEON, Dec. 9 (Korea Bizwire) – South Korea’s unionized railway workers will end their 74-day-long strike and return to work Friday, while vowing to continue their protest against the implementation of a performance-based pay system.  The Korean Railway Workers’ Union said it will end the walkout as of 2 p.m., concluding its longest-ever railway strike [...]

McDonald’s Part-Timers Form Labor Union

McDonald’s Part-Timers Form Labor Union

SEOUL, Nov. 11 (Korea Bizwire) – “We’ll make a McJob a GoodJob,” read the slogan held by a picketer wearing a McDonald’s paper bag.  Taking place Wednesday in front of the McDonald’s headquarters building in Seoul was the inauguration ceremony of a new McDonald’s labor union of current and former part-timers.  The union has existed [...]

Daewoo Shipbuilding’s Labor Union Pressed to Accept Restructuring Scheme

Daewoo Shipbuilding’s Labor Union Pressed to Accept Restructuring Scheme

SEOUL, Nov. 11 (Korea Bizwire) – The labor union at Daewoo Shipbuilding & Marine Engineering Co. is being pressed to accept the shipyard’s restructuring scheme including a workforce reduction, a key condition for the embattled shipyard to receive financial aid from its creditors, industry sources said Friday.  Earlier this week, the creditors, led by the [...]

Hyundai Motor’s Market Cap Tumbles on Strike, Strong Won

Hyundai Motor’s Market Cap Tumbles on Strike, Strong Won

SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, has recently seen its market value fall two notches to the No. 5 spot amid concerns over poor third-quarter earnings in the wake of a strike and a strong local currency.  The market capitalization of Hyundai Motor, the flagship of the country’s [...]

Hyundai Unionists Threaten to Stage General Strike If Gov’t Orders Emergency Arbitration

Hyundai Unionists Threaten to Stage General Strike If Gov’t Orders Emergency Arbitration

SEOUL, Oct. 5 (Korea Bizwire) – Unionized workers at the Hyundai Motor Group threatened Wednesday to stage a general strike if the government invokes its right to emergency arbitration to order workers at South Korea’s No. 1 carmaker to return to work, sources said.  The move came after Labor Minister Lee Ki-kweon said last week [...]

Hyundai Motor Unionists to Temporarily Suspend Walkout This Week

Hyundai Motor Unionists to Temporarily Suspend Walkout This Week

ULSAN, Oct. 5 (Korea Bizwire) – Unionists of Hyundai Motor Co. said Tuesday they will not stage a walkout this week, although their senior members will continue protesting against the management over wage deals.  The unionized workers at South Korea’s top automaker said they will not lay down their tools until next Tuesday. However, they [...]