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Newest firstYesterday · Sunday 25 October
- Asia-Pacific·News
POSCO Union Warns of Indefinite Strike After Wage Talks Collapse
South Korea's POSCO union warned of an indefinite strike beginning November 2 at Pohang and Gwangyang plants if wage talks fail. The union seeks 7.1% base wage increase, 600% performance bonus, 50 company shares and 200% holiday pay; the company offered 2.5% raise and 5 million won one-time payment. The company employs ~17,000 workers, ~10,100 unionized.