POSCO Talks Stall Despite Higher Wage Offer
POSCO labor and management resumed wage negotiations after a month but failed to find common ground. The management increased the base salary hike rate and added a lump sum and a special wage adjustment plan, but the union countered that it was still insufficient. As the first main negotiation since
POSCO's labor and management attempted to negotiate a new wage agreement, but failed to reach an agreement despite the management offering a higher base salary increase rate and additional benefits. The current dispute over the wage agreement could lead to a third partial strike, as the union is demanding a 7.1% wage increase and other significant concessions.
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