labor union Archives | Be Korea-savvy
Unionized Workers of Hyundai Heavy Go on Strike for 3rd Day

Unionized Workers of Hyundai Heavy Go on Strike for 3rd Day

SEOUL, Feb. 27 (Korea Bizwire) – Unionized workers at South Korean shipbuilder Hyundai Heavy Industries Co. staged a strike for the third consecutive workday Monday, opposing the firm’s decision to split the ailing company.  The labor union said it has called on its 14,000 workers to stage an eight-hour sit-down starting at 8:00 a.m., continuing [...]

Unionized Workers of Hyundai Heavy Stage First All-Out Strike in 23 Years

Unionized Workers of Hyundai Heavy Stage First All-Out Strike in 23 Years

SEOUL, Feb. 23 (Korea Bizwire) – Labor union leaders at South Korean shipbuilder Hyundai Heavy Industries Co. declared an all-out strike Thursday over failed wage negotiations and a proposed split of the firm’s non-shipbuilding business.  What union and company officials called the first full-fledged walkout in 23 years came after labor union leaders told all [...]

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 [...]