Most Popular
-
1
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
2
Seoul blanketed by heaviest Nov. snow, with more expected
-
3
NewJeans to terminate contract with Ador
-
4
Seoul snowfall now third heaviest on record
-
5
Samsung shakes up management, commits to reviving chip business
-
6
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
7
How $70 funeral wreaths became symbol of protest in S. Korea
-
8
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
-
9
Why cynical, 'memeified' makeovers of kids' characters are so appealing
-
10
BOK makes surprise 2nd rate cut to boost growth
Hyundai Heavy workers to stage partial strike amid wage dispute
By YonhapPublished : Oct. 22, 2019 - 20:34
Workers at Hyundai Heavy Industries Co., South Korea's top shipbuilder, will stage a partial strike this week, its labor union said Tuesday, amid little progress in its wage negotiations with management.
The decision to lay down their tools for four to seven hours per day from Wednesday to Friday came after the labor union's 21st round of wage talks with the company ended without an agreement earlier in the day.
The negotiations began in May, but the two sides have yet to find common ground.
The decision to lay down their tools for four to seven hours per day from Wednesday to Friday came after the labor union's 21st round of wage talks with the company ended without an agreement earlier in the day.
The negotiations began in May, but the two sides have yet to find common ground.
The union has been demanding that Hyundai Heavy raise the basic monthly wage by 123,000 won (US$103), among other proposals.
Observers say the standoff is likely to continue for a while as the shipyard struggles to win more orders.
In the first eight months of the year, Hyundai Heavy secured orders for 17 vessels worth a total of $2.17 billion, or only 27.1 percent of its annual target of $8 billion, industry data showed. (Yonhap)
