Renault Samsung Motors announced that on 22 September it concluded a wage agreement with its trade union for 2017. The trade union passed the tentative wage agreement, since 57.8% of the union members voted in favor. The labor and management… Continue Reading
As STX Offshore & Shipbuilding (STX O&S) is going through a business rehabilitation process, labor and management have concluded a wage agreement that includes a reduction of the regular bonus. The STX O&S union agreed to the reduction of… Continue Reading
Samsung Group has decided to restructure its workforce towards streamlining the company and reducing costs. The layoffs will equal 4.3 percent of its 222,011 workers, or 9,515 workers. Samsung said it has made an effort to continuously reduce its workforce… Continue Reading
Labor and management at Daewoo Shipbuilding & Marine Engineering (DSME) submitted to its creditors a confirmation to carry out a “self-rescue” plan. Through this plan, DSME will promote normalization of operations in terms of obtaining orders from customers next year… Continue Reading
1. 2017 FKTU leadership election The Federation of Korean Trade Unions (FKTU) will hold its presidential election in January 2017. The president of the Federation of Korean Public Industry Trade Unions, Mr. Joo-young Kim, has already been nominated as a… Continue Reading
1. Results of parliamentary inspection by the Environmental & Labor Committee The Environmental & Labor Committee (ELC) in the National Assembly held parliamentary inspection from 26 September to 15 October. The inspection was on 58 government institutions such… Continue Reading
Mr. Han, the managing director of company A, is in charge of management activities with the authority to recommend and appoint directors. Currently, Mr. Han is causing serious damage to the company through neglect of his duties and by his… Continue Reading