SEOUL, Dec. 13 (Korea Bizwire) — Unionized workers of the state-run Industrial Bank of Korea (IBK) have voted to stage a general strike later this month over failed wage negotiations with the management, union officials said Friday. More than 80 percent of the unionized workers at the policy lender voted Thursday to stage a general [...]
SUWON, South Korea, Sept. 4 (Korea Bizwire) — A powerful union of bus drivers in Gyeonggi Province, which surrounds Seoul, called off a strike planned for Wednesday after reaching a last-minute wage hike agreement with their employers before dawn. The union, which has about 90 percent of city and intercity bus drivers in the nation’s [...]
SEOUL, Oct. 14 (Korea Bizwire) — Unionized workers at Kia Corp. have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company said Friday. Kia’s 30,000-strong union tentatively accepted the company’s proposals, including a 98,000 won (US$68) increase in basic monthly pay, three months of performance-based pay, [...]
SEOUL, July 12 (Korea Bizwire) — Management and unionized workers of South Korea’s top automaker Hyundai Motor Co. reached a tentative wage deal on Tuesday, averting a labor strike for the fourth consecutive year. The two sides agreed to a 98,000 won (US$74.80) increase in basic monthly pay, the construction of a new electric vehicle [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said it resumed operations at its two plants in South Korea on Sunday, 26 days after a strike began over this year’s wage deal. The deal reached Friday includes a 6 percent increase in basic monthly pay, 5 [...]
SEOUL, Aug. 27 (Korea Bizwire) — Unionized workers at Kia Corp., South Korea’s second-biggest carmaker, voted Friday to accept the company’s wage proposals without a strike for the first time in a decade. Kia said 68 percent of 26,945 workers voted in favor of wage offers that include an increase of 75,000 won (US$64.30) in [...]
SEOUL, Aug. 24 (Korea Bizwire) — Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., accepted the company’s revised wage proposals for the year, the union said Tuesday. In their second vote held Monday and Tuesday, some 65 percent of GM Korea’s unionized workers agreed to accept the revised proposals [...]
SEOUL, July 5 (Korea Bizwire) — The labor union of Samsung Display Co. has reached a wage agreement with management and will end its two-week partial strike soon, union officials said Monday. Six union representatives went on strike on June 21, demanding a 6.8 percent hike in base pay, in the first-ever walkout at the [...]
SEOUL, Dec. 29 (Korea Bizwire) — Unionized workers at Kia Motors Corp. have voted to accept a new annual wage deal with management, the company said Tuesday. In a vote by 27,050 members of the labor union, 58.6 percent, or 15,856, agreed to the company’s proposals, including 1 1/2 months of merit-based remuneration, 1.2 million [...]
SEOUL, Dec. 22 (Korea Bizwire) — Kia Motors Corp.’s union has agreed on a tentative wage deal for the year as the coronavirus pandemic continues, the company said Tuesday. Kia’s 30,000-strong union tentatively accepted the company’s proposals, including 1 1/2 months of merit-based remuneration, 1.2 million won (US$1,080) in special COVID-19 allowance and 1.5 million [...]