{
  "id": 16265883,
  "title": "Wage talks between POSCO, unionized workers break down",
  "url": "https://urgent.news/2026/10/24/wage-talks-between-posco-unionized-workers-break-down-16265883",
  "topic": "world",
  "section": "World",
  "published": "2026-10-24T02:47:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261024/wage-talks-between-posco-unionized-workers-break-down"
  },
  "original_language": "en",
  "account": null,
  "summary": "Wage talks between POSCO Co. and its unionized workers have ended without an agreement, according to the union, which has subsequently declared an indefinite strike set to commence from 7 p.m. on November 2. The impasse was primarily due to disagreements over wage increases and other related issues. The union had demanded a significant 7.1 percent increase in basic salary, along with a substantial bonus amounting to 600 percent of the basic salary. However, POSCO responded with a more modest proposal, offering a mere 2.5 percent increase in basic pay and a one-time payment of five million won ($3,770). Earlier this month, unionized workers at POSCO engaged in two rounds of partial strikes following their inability to reach a resolution in wage negotiations.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Wage talks between POSCO, unionized workers break down",
        "url": "https://urgent.news/2026/10/24/wage-talks-between-posco-unionized-workers-break-down-16265245",
        "published": "2026-10-24T01:46:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}