POSCO workers stage partial strike over wage dispute
The labor union of Korean steelmaker POSCO Co. on Wednesday began a two-day partial strike after failing to narrow differences with management over wages and other compensation. The walkout marks the first strike by POSCO workers since the company was established in 1968. The 48-hour partial strike began at 7 a.m. involving 40 workers at the Pohang plant and 80 at the Gwangyang plant, according…
The labor union representing POSCO Co., a prominent steelmaker in Korea, initiated a two-day partial strike on Wednesday due to unresolved wage and compensation issues. This marks the first strike by POSCO workers since the company's inception in 1968. The strike commenced at 7 a.m. and involved 40 workers at the Pohang plant and 80 at the Gwangyang plant, according to the labor union.
POSCO employs approximately 17,000 individuals, with around 10,100 of them being union members. Despite the limited number of workers involved, the company anticipates minimal impact on steel production and plans to implement measures to prevent disruptions to the overall plant operations. The union's demands include a 7.1 percent base pay hike, a 600 percent performance bonus, 50 company shares for each worker, and a 200 percent holiday bonus.
In contrast, management has offered a modest 2 percent increase in base pay, leaving the two parties far apart on crucial wage matters.
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.
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- POSCO Union Launches First Strike in Company History Over Wage Dispute koreaittimes.com
- POSCO workers stage partial strike over wage dispute en.yna.co.kr
- POSCO workers stage partial strike over wage dispute koreatimes.co.kr
