Kakao Bank's labor union reaffirms 5-day strike next week
The labor union of internet-only Kakao Bank on Wednesday urged management to sweeten its wage deal as its members are set to launch a five-day strike amid little progress in their talks over wage increases and other benefits. 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 labor union representing staff at online-only Kakao Bank has vowed to resume a five-day strike next week, with no significant headway made in ongoing negotiations with the bank's management. Both parties have been grappling over wage increases and additional benefits, with the union expressing disappointment over the lack of progress.
The strike, initially scheduled from August 31 to September 4, hinges on the management's willingness to present more favorable wage proposals to avert the walkout. This marks the second full-scale strike by the unionized workers since July 31. In the first quarter, Kakao Bank managed a robust operating income of 211 billion won ($143 million) on a revenue of 1.94 trillion won, both the highest quarterly figures in the year to date.
The union's dispute with Kakao Corp.'s management culminated in a final wage agreement earlier this month, following a three-month standoff.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- (LEAD) Kakao Bank's labor union reaffirms 5-day strike next week en.yna.co.kr
- Kakao Bank's labor union reaffirms 5-day strike next week koreatimes.co.kr
