Financial union to go on strike Friday as planned over relocation plan
The union also seeks pay raises, a shorter workweek and more hiring of young workers.
6 Articles
6 Articles
Opposition from the financial sector is intensifying as the government pushes for the relocation of public institutions from the capital area to provincial regions. The Financial Supervisory Service (FSS) labor union submitted a petition containing 1,720 signatures, warning of workforce attrition and a weakening of financial competitiveness. On the same day, the Korean Federation of Financial Industry Workers' Unions also held a general strike r…
The first metalworkers went on strike Thursday evening, reports trade union FNV. Even more employees in the metal and construction sectors in the eastern Netherlands will go on strike on Friday, but the first employees from the night shift are already starting on Thursday evening. FNV expects around 250 employees to strike. The strike is part of a series of actions by the unions against the cabinet's plans regarding social security. Workers in t…
With the government announcing a policy to minimize the number of public institutions remaining in the Seoul metropolitan area during the second round of relocation, attention is also focusing on whether public financial institutions located in Seoul will be moved to provincial areas. Financial sector labor unions argue that if such relocation becomes a reality, financial supervisory functions could be weakened and the financial ecosystem concen…
The Korean Federation of Financial Industry Workers' Unions (KFIWU) will launch a general strike on the 4th in opposition to the government's push to relocate public financial institutions, including state-owned banks, to regional areas. The KFIWU is demanding a four-week workweek as originally requested.
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