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POSCO Workers Reach Agreement On Wage Deal

Steel News - Published on Tue, 10 Sep 2019

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South Korea's largest steelmaker Posco said that it reached a deal with its labor union on a wage and collective bargaining agreement that includes a 2% raise in base pay. The union put the deal to a vote earlier in the day, with 86.1% or 5,449 workers, choosing to accept it. Of 6,485 unionized workers, 6,330 took part in the vote and 881 people opposed the deal.

Posco and the union had tentatively reached an agreement late last month in negotiations in which the labor union was seeking a 4% raise in base pay.

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Posted By : Rabi Wangkhem on Tue, 10 Sep 2019
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