SEOUL, April 7 (Korea Bizwire) — South Korea’s No. 1 flag carrier, Korean Air Lines Co., said Tuesday that it will start a six-month-long work stoppage for more than 70 percent of its workforce, as the novel coronavirus wreaks havoc on the airline industry. The measure is part of an ongoing effort to survive the [...]
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 [...]
SEOUL, Aug. 8 (Korea Bizwire) — GM Korea is reportedly in dire straits. The company already saw a partial work stoppage on July 17. Circumstances have become so serious that the Korea Development Bank (KDB Bank), the second largest shareholder in the company, questioned the automaker’s ability to stay in business. In 2002, Daewoo Motors was [...]
SEOUL, May 7 (Korea Bizwire) – The trade union of Hyundai Heavy Industries (HHI) exercised its right to stop working after a worker fell into a manhole due to lack of safety facilities. On May 6, the trade union announced the work stoppage order to its workers for the first time. According to the union, a [...]