Unionized workers at No. 1 internet-only Kakao Bank to stage 5-day strike
Unionized workers at internet-only Kakao Bank will launch a five-day strike as talks with management over wage increases and other benefits have stalled, its union said Thursday. The labor union and Kakao Bank's management have been in negotiations over a pay raise and other benefits but failed to narrow outstanding differences. The union said the strike will run from Aug. 31 to Sept. 4. On July…
The Korea Times reports that unionized workers at internet-only Kakao Bank will embark on a five-day strike, commencing from August 31 to September 4. The labor union and the bank's management have been engaged in negotiations over wage increases and other benefits, but have been unable to reach an agreement. This is not the first strike by these workers; they had also gone on a full strike on July 31.
In the first quarter of the year, Kakao Bank achieved an operating income of 211 billion won ($143 million) on revenue of 1.94 trillion won, which were both quarterly highs. The parent company, Kakao Corp., and the bank's management, however, reached a final wage deal earlier this month, after a three-month dispute.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
