SEOUL, Sept. 26 (Korea Bizwire) – South Korea’s railway and subway workers will go on strike against the government’s performance-based pay system later this week, marking the first joint strike between the two sectors in some two decades, labor unions said Monday. The walkout scheduled to begin Tuesday is part of a series of strikes [...]
ULSAN, Sept. 26 (Korea Bizwire) – Unionists of Hyundai Motor Co. went on their first full strike in 12 years Monday after rejecting a previously offered compromise on wage hikes. Assembly lines at the nation’s largest automaker were halted at 6:45 a.m., the start of the morning shift. The last time that the Hyundai union [...]
SEOUL, Sept. 23 (Korea Bizwire) – Tens of thousands of unionized bank workers in South Korea staged a walkout Friday against the expansion of a performance-based pay system in the nation’s financial industry. There were no reports yet of major disruptions in banking services across the country, as the participation rate was apparently lower than [...]
SEOUL, Sept. 21 (Korea Bizwire) – South Korea’s chief financial regulator called on the nation’s umbrella bank union Wednesday to withdraw its plan to go on a general strike later this week, saying such a collective action will never win public support especially at a time when the local banking industry faces a “life-or-death” crisis. [...]
SEOUL, Sept. 6 (Korea Bizwire) – Company officials and union leaders at Renault Samsung Motors Co. have reached a tentative agreement on the wage increase for workers at the French automaker, the company said Tuesday. The agreement came after five official rounds of negotiations and nine working group meetings since July 11, and marks the [...]
SEOUL, Jul. 19 (Korea Bizwire) — Unionized workers at Hyundai Motor Co., South Korea’s top automaker, are set to walk off the job for four hours on Tuesday demanding a pay raise and better working conditions. Last week, a majority of the automaker’s some 48,000 unionized workers voted for a strike as their talks with [...]
SEOUL, Jul. 18 (Korea Bizwire) — Workers at the country’s major shipbuilders will stage a joint strike this week, demanding that tough restructuring moves currently underway be scrapped. According to the sources, unionized workers at the country’s Big Three shipyards — Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries [...]
GEOJE, South Korea, June 28 (Korea Bizwire) – A group of workers at Samsung Heavy Industries Co., a financially troubled South Korean shipbuilder, voted Tuesday to go on a strike in protest of the management’s restructuring plan. Among a total of 5,396 members of the “labor council,” 4,768 participated in the ballot and 4,382, or [...]
SEOUL, Sep. 4 (Korea Bizwire) – Hyundai Heavy Industries stares a strike in the face for the first time in 20 years. The labor union of Hyundai Heavy Industries refused to negotiate with the management of the company in the 35th negotiation session on September 1. The union demanded a 132,013 won, or 6.51 percent, increase [...]