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, Dec. 23 (Korea Bizwire) – Unionized pilots at South Korea’s largest flag carrier Korean Air Lines Co. continued their 10-day strike on Friday aimed at demanding better pay and improved working conditions. Some 190 pilots out of the total 2,300 at Korean Air took part in the second day of the strike scheduled to [...]
SEOUL, Dec. 21 (Korea Bizwire) – More than 130 scheduled flights with South Korea’s largest flag carrier Korean Air Lines Co. will be cancelled due to a walkout by unionized pilots, the transportation ministry said Wednesday. Unionized workers of Korean Air earlier said they will stage a 10-day walkout from Thursday. The scheduled strike follows [...]
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 [...]
BUSAN, Oct. 11 (Korea Bizwire) – The Port of Busan is facing more strife with a recent walkout by cargo truck drivers, making matters worse for the port already troubled by the Hanjin shipping crisis. The Cargo Truckers Solidarity (CTS) kicked off a general strike on Monday, with workers opposing government plans to increase the [...]
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 [...]
SEJONG, Oct. 7 (Korea Bizwire) – South Korea’s car exports plunged at the fastest clip in nearly seven years last month due mainly to partial strikes at local carmakers and contracted global demand, the government said Friday. Outbound shipments of vehicles came to 156,680 units in September, down 23.7 percent from 205,274 units tallied a [...]
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 [...]
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 [...]