SEOUL, June 15 (Korea Bizwire) — The Supreme Court on Thursday ordered a retrial of a damages suit against the Korean Metal Workers’ Union regarding its involvement in a violent strike at SsangYong Motor Co. in 2009, seeking a reduction of compensation by one-third. Lower courts had ordered the union to pay 3.31 billion won [...]
SEOUL, July 19 (Korea Bizwire) — The union members of five Naver Corp. affiliates have voted to take various forms of collective action. The South Korean search giant’s labor union, ‘Joint Statement,’ said Monday that the union members of five Naver affiliates, including Ntech Service, NIT Service, Green Web Service, Incomes, and CommPartners, all voted [...]
SEOUL, June 6 (Korea Bizwire) — Unionized workers at South Korea’s state-run banks are taking steps to come up with countermeasures following the Supreme Court’s latest ruling that the peak wage system designed to cut the salaries of senior workers simply on the basis of their age is invalid. The Korean Financial Industry Union plans [...]
SEOUL, July 28 (Korea Bizwire) — Samsung Display, one of the largest screen manufacturers in the world, has recognized an in-house union, ending its long-standing practice of operating without a bargaining unit made up of its employees, industry sources said Tuesday. The Federation of Korean Trade Unions and business insiders said an agreement was reached [...]
SEOUL, Aug. 28 (Korea Bizwire) — Unionized workers at GM Korea Co. will continue to stage a strike for an increase in wages as the company balks at the union’s demands, GM Korea’s union said Wednesday. The automaker’s 10,000-member union plans to hold an eight-hour partial strike on Friday, a full-scale walkout from Sept. 9-10 [...]
SEOUL, May 7 (Korea Bizwire) — Renault Samsung Motors Corp. said Tuesday it plans to temporarily halt operations at its only plant later this month amid an extended dispute with its labor union over wages. Renault Samsung, the Korean unit of French carmaker Renault S.A., plans to suspend the operation of the Busan plant, 450 [...]
SEOUL, Apr. 23 (Korea Bizwire) — Workers at GM Korea Co.’s R&D firm voted to go on strike against the carmaker’s move to apply unfavorable wages and working conditions for the spin-off entity, GM Korea’s union said Tuesday. In a vote held Monday and Tuesday, 83 percent of 2,067 employees at the GM Technical Center [...]
SEOUL, Apr. 16 (Korea Bizwire) — GM Korea Co. and Renault Samsung Motors Corp., the South Korean units of U.S. and French auto giants, respectively, are mired in a dispute that is fueling concerns over the broader South Korean auto industry this year. In recent years, the two carmakers, affiliates of General Motors Co. and [...]
SEOUL, Nov. 12 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., on Monday refused to meet with its union to narrow their differences over its decision to build a separate research and development (R&D) company, which the workers see as an initial move by the carmaker to scale down [...]
SEOUL, Oct. 19 (Korea Bizwire) — Shareholders in GM Korea Co. on Friday approved the company’s plan to establish a separate R&D unit amid opposition from the union, which sees the separate unit as a move to scale down local operations over the long term, the company and the union said Friday. General Motors Co. [...]