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 internet-only bank Kakao Bank has reaffirmed its intention to launch a five-day strike next week, as management and workers remain far apart in negotiations. The union, which comprises unionized workers at both Kakao Bank and its parent company, Kakao Corp., stated that talks over wage increases and other benefits have yet to yield a mutually satisfactory agreement.
Earlier, the union had called for a full strike on July 31. In the first quarter of the year, Kakao Bank reported an operating income of 211 billion won ($143 million) and revenue of 1.94 trillion won, both of which marked quarterly highs.
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- (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
