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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Nov. 23 (Korea Bizwire) – The labor union at Hyundai Heavy Industries Co. on Wednesday threatened to launch a full-scale strike calling on the company to scrap its plan to spin off non-shipbuilding units, which it claims will lead to a sell-off. Last week, Hyundai Heavy, one of the country’s big three shipyards, announced [...]
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 [...]
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 [...]
SEOUL, Nov. 2 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, said Wednesday that it has reached a tentative wage deal with the labor union which will be put to a vote by unionized workers next week. Since late June, the automaker and its labor union have been negotiating the wage deal. [...]
SEOUL, Oct. 17 (Korea Bizwire) – The public image of Hyundai Motor has really taken a blow this time. Despite already pulling in some of the highest salaries in the country at an average of 90 million KRW per year, the labor union has asked for more. Even the President of Korea criticized the union [...]
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 [...]