POSCO union warns of 'indefinite' walkout after wage talks collapse
Unionized workers at South Korean steelmaker POSCO will launch an "indefinite" strike next week unless the company makes an acceptable offer in wage negotiations, the union said Monday. The warning came after wage talks between POSCO and the union broke down over the weekend. "Starting at 7 a.m. on Nov. 2, workers in non-core production lines at the company's plants in Pohang and Gwangyang will…
South Korean steelmaker POSCO's union has announced an indefinite strike next week if the company fails to make a satisfactory wage offer, according to union spokesperson Park Chun-su. The strike, set to begin at 7 a.m. on November 2nd, will affect workers at POSCO's plants in Pohang and Gwangyang, excluding those in critical production lines such as blast furnaces, heating, and steelmaking.
The union remains willing to resume negotiations if the company presents any significant new proposals prior to the strike. Should the strike commence, POSCO will activate an emergency operational response system and adjust production levels to mitigate the impact on customers and domestic industries. In September, unionized workers at the two southern South Korean plants staged two partial strikes, marking the first industrial action by POSCO employees since the company's inception.
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