POSCO Union Votes Down Tentative Wage Deal
7 Articles
7 Articles
POSCO union votes down tentative wage deal
Unionized workers at Korean steelmaker POSCO on Saturday voted down a tentative wage agreement reached with management that includes a 2.6 percent increase in base pay, union officials said. The vote showed 51.69 percent of the unionized workers opposed the wage agreement, while 48.31 percent approved it, according to the union. The tentative wage deal includes a 2.6 percent hike in base pay, a one-off payment of 6 million won ($4,500) and impro…
The POSCO labor union rejected the tentative wage agreement reached between labor and management through a vote of its members. With 48.31% in favor and 51.69% against, labor and management have entered into renegotiations, and discussions regarding future wage increases and the payment of various incentives are scheduled to resume.
(Pohang=Yonhap News) Reporter Son Dae-seong = The tentative agreement between POSCO management and labor for this year's wage negotiations was rejected in a vote by union members.
Wages up 2.6% · Lump sum of 6 million won
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[Digital Daily Reporter Kim Yoo-jin] The tentative agreement for this year's wage and collective bargaining negotiations, which POSCO management and labor barely managed to reach amidst a strike crisis, ultimately failed to pass the hurdle of union members. With a majority of members voting against the tentative agreement, wage negotiations between labor and management are expected to face difficulties once again. According to the POSCO Labor U…
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