Financial union to go on strike Friday as planned over relocation plan
Unionized workers affiliated with the country's umbrella labor union will go on strike Friday to oppose the government's plans to relocate policy lenders and other public financial organizations from Seoul to provincial areas. The Korea Financial Industry Union (KFIU), a major umbrella labor group, said Thursday its members will hold a rally in Gwanghwamun Square as planned as the government…
Workers affiliated with the country's umbrella labor union plan to go on strike Friday in opposition to the government's relocation of policy lenders and other financial organizations from Seoul to provincial areas. This decision was announced by the Korea Financial Industry Union (KFIU) on Thursday. The KFIU, a significant labor group, had planned a rally in Gwanghwamun Square to protest the relocation scheme.
The government's firm stance to relocate ministries and agencies has led to public financial institutions opposing the plan. The KFIU also demands a pay rise, a reduced workweek, and an increase in hiring young people. They firmly stated that they cannot accept the relocation plans without extensive discussions with relevant parties, emphasizing that it would negatively impact workers and undermine the overall financial industry. The union urged the government to halt the relocation process, arguing that it is a political move.
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.
This story
This is one outlet's version. Read the fullest account.
