SEOUL, Nov. 16 (Korea Bizwire) – Samsung Electronics Co.’s first labor union under a major South Korean umbrella union group set sail Saturday. The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later. The union did not unveil [...]
SEOUL, Oct. 11 (Korea Bizwire) — GM Korea Co.’s labor union and management have failed to reach an agreement on a new wage deal. Members of the GM Korea labor union announced that they decided to notify management to abort all negotiations on Thursday. The negotiations over a new collective agreement, which have continued since [...]
SEOUL, Oct. 6 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s top shipbuilder, is likely to have a lengthy standoff with its labor union over this year’s wage deal, industry watchers said Sunday, adding a burden to its already struggling business. Hyundai Heavy has held 16 rounds of wage negotiations with the union since [...]
SEOUL, Sept. 9 (Korea Bizwire) — Unionized workers at GM Korea Co. on Monday staged a full-scale strike for the first time in 22 years as they demand an increase in wages despite warnings from the company’s global headquarters. Some 8,000 workers participated in the walkout at the plants in Incheon, west of Seoul, and [...]
SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Co. may get a further profit boost in the second half of the year, as South Korea’s largest automaker averted its chronic labor strike over wages for the year amid increased uncertainty stemming from a slowdown in the global economy and a slump in emerging markets, analysts here said [...]
SEOUL, Aug. 28 (Korea Bizwire) — Unionized workers at Hyundai Motor Co. have reached a tentative wage and collective bargaining agreement, averting strikes for the first time in eight years, the company and the union said Wednesday. “The union has decided to accept the company’s revised proposals as uncertainties in business environments grow further due [...]
SEOUL, Aug. 22 (Korea Bizwire) — A General Motors Co. executive on Thursday urged employees at GM Korea Co. to help the South Korean unit get back on track this year amid weak sales and strikes. During his visit to GM Korea’s main Bupyeong plant in Incheon, just west of Seoul, Julian Blissett, president of [...]
SEOUL, Jul. 23 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s largest shipbuilder, will file a suit for damages this week against its labor union over disruptive action at the company’s shareholders meeting in May and illegal strikes, company officials said Tuesday. Hyundai Heavy claimed it lost 9.2 billion won (US$7.8 million) due to [...]
SEOUL, Jun. 14 (Korea Bizwire) — Unionized workers at Renault Samsung Motors Corp. voted for a wage deal on Friday, ending a monthslong dispute at the automaker plagued by output losses and helping it secure production volume for exports. In a vote over the wage deal, 74 percent of Renault Samsung’s 2,063 workers cast ballots [...]
BUSAN, Jun. 13 (Korea Bizwire) — Renault Samsung Motors Corp., the Korean unit of French automaker Renault S.A., said it reached a tentative agreement with its labor union over wages and working conditions Wednesday. The union members will vote Friday on whether to accept the deal. It will be their second poll since the two [...]