SEOUL, Jul. 3 (Korea Bizwire) — Tomorrow marks the 50th day that workers of Oracle Korea, the IT firm headquartered in the U.S., have been on strike, breaking the record for the longest strike by workers of an overseas IT firm. The previous record was held by workers of Fujitsu Korea for an 18-day strike [...]
SEOUL, Jun. 26 (Korea Bizwire) — SK Broadband’s maintenance arm, Home & Service, overlooking the installation and repair duties of SK’s Internet and IPTV services, said that it was initiating a work strike. The company’s union held a press conference yesterday in front of the company’s main office in Jongno, Seoul to reveal plans to [...]
INCHEON, May 3 (Korea Bizwire) — Temporary employees at GM Korea were not included in the negotiation process between GM Korea and its labor union concerning wages. Nor were they included in the talks between GM Korea and the government on a recapitalization deal. The new deals for GM Korea did not leave the some-2,000 [...]
SEOUL, Apr. 9 (Korea Bizwire) — The South Korean unit of the U.S. auto giant GM Motors is currently facing difficulties paying its workers and subcontract companies as it faces a serious liquidity crunch, industry watchers said Sunday. According to corporate sources, Kaher Kazem, the CEO of GM Korea, recently organized a staff meeting, where [...]
SEOUL, April 6 (Korea Bizwire) – The South Korean government on Friday urged General Motors’ Korean unit to resume negotiations with its labor union to normalize its business as an intensifying labor dispute is complicating the automaker’s turnaround plan. A tug-of-war between GM Korea and its workers has turned more combative after some union leaders took over the office of GM Korea President Kaher Kazem at the [...]
SEOUL, April 3 (Korea Bizwire) — A labor union has been created at internet giant Naver for the first time in the company’s history. The union, a subgroup operating under the Korean Confederation of Trade Unions, issued its official declaration on Tuesday, and received membership applications from 300 people within a couple of hours, according to [...]
SEOUL, March 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, recently asked for the cooperation of its union to accept a cut in benefits as part of a broader move to ride out the unfriendly business environment, the company said Friday. In a letter sent to the union last Friday, [...]
SEOUL, Jan. 8 (Korea Bizwire) — A renowned arts center in Seoul is locked in a battle with workers as the labor union claims the institution has failed to guarantee substitute holidays for working weekends. According to the labor union at Seoul Arts Center, the arts institution has failed to guarantee substitute days off on Sundays [...]
SEOUL, Nov. 9 (Korea Bizwire) — With KB Financial Group Inc.’s extraordinary shareholders meeting 10 days away, a global corporate advisory firm has objected to two agenda items offered by the major banking group’s labor union, industry sources said Thursday. In a recent report, U.S.-based Institutional Shareholder Services Inc. (ISS) has advised shareholders to vote [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Company and its labor union remain locked in a stalemate with the domestic automotive industry in the midst of one of its most critical moments in recent history. In what has become something of a yearly tradition, one of the chief sticking points in the talks is the [...]