(EDITORIAL from Korea JoongAng Daily on Aug. 21)
Hyundai Motor's union has announced an eight-hour general strike for Friday, its...
Hyundai Motor and Posco are grappling with escalating labor tensions as unions demand bonuses tied to corporate profits in what could be the first general strikes for both companies in decades. The National Labor Relations Commission ended mediation on Tuesday, allowing the unions the legal right to strike. Hyundai's union is seeking 30% of net profit, while Posco's union has broadened its demands from last year, possibly influenced by bonuses in the semiconductor sector.
Hyundai's negotiations have been influenced by these demands, while management argues that these bonuses are not subject to collective bargaining as they do not constitute wages or working conditions. The Ministry of Employment and Labor and the National Assembly may need to clarify that such profit-sharing bonuses are not grounds for labor disputes to prevent further conflict.
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