Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Tue Jul 25, 2006 6:42 pm Post subject: Hyundai Steel Strike Planned |
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Hyundai Steel unionists to launch strike Friday
Unionists of Hyundai Steel Co., South Korea's second-largest steelmaker, have decided to go on strike later this week after negotiations with the management over a pay raise failed, industry sources said Wednesday. The decision comes amid rising concern over the damage protracted labor disputes have on the country's economy. A month-long partial walkout by Hyundai Motor Co.'s union has cost the nation's No. 1 carmaker an estimated 1 trillion won (US$1.05 billion) in lost production so far.
Yonhap News (July 26, 2006)
http://english.yna.co.kr/Engnews/20060726/410200000020060726112558E1.html
Was that the "Hub of Asia?" Was that the "Hub of Northeast Asia?" |
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