Seoul metro unions reach wage deal, withdraw strike plan

Two of three Seoul Metro unions have reached a wage deal with management, withdrawing their plan for an all-out strike set to begin Friday morning. The agreement includes hiring 820 new employees to replace retirees and raising wages by at least 3 percent in line with public institution guidelines. The remaining union is expected to reach a similar deal soon.

Negotiations between Seoul Metro unions and management on wages and collective bargaining began Thursday afternoon at the company's headquarters in Seongdong District but recessed after about 40 minutes. Overnight working-level talks continued but failed to bridge differences, leading the main union, the Seoul Transit Corporation Labor Union representing 57.4 percent of workers, to declare a breakdown around 3:30 a.m. This set the stage for a full strike by workers on subway lines 1 through 8 starting with Friday's first trains.

However, early Friday morning, two of the three unions struck a last-minute wage deal with management and withdrew their strike plan. Under the agreement, the company committed to hiring 820 new employees to address vacancies from retirements and to increase workers' wages by at least 3 percent, aligning with guidelines for public institutions. The second-largest union (16.4 percent) and third-largest (12.6 percent) joined the deal, with the main union also expected to reach an agreement soon.

The resolution averts potential disruptions to commuters across the capital and supports stable subway operations. As of July, the main union holds the majority of unionized workers at Seoul Metro.

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Protesting Samsung workers outside factory amid strike fears
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Samsung Electronics labor talks break down, strike fears rise

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Wage negotiations between Samsung Electronics and its labor union collapsed on Wednesday, raising fears of a major strike starting May 21 involving more than 40,000 workers.

Samsung Electronics and its largest labor union reached a tentative wage agreement on May 20. The planned 18-day strike starting May 21 has been postponed.

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Samsung Electronics and its union failed to reach a wage deal on May 13 despite government mediation, increasing the chance of an 18-day strike from May 21. The union demands performance bonuses equal to 15 percent of operating profit.

Unionized workers at Samsung Electronics approved a wage agreement on May 27. The vote eased concerns about potential disruptions to the global supply chain.

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Unionized Kakao Corp. members are set to stage the company's first walkout on Wednesday, demanding higher bonuses and profit sharing in a rally near its Pangyo headquarters.

Labor talks between Samsung Electronics and its union broke down on Wednesday, heightening fears of a strike scheduled for May 21. The presidential office vowed to support further dialogue.

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President Lee Jae Myung warned on April 30 that excessive labor union demands could harm unions and other workers, urging responsibility. The remarks came amid threats of an 18-day strike by a major Samsung Electronics union starting May 21. He stressed coexistence amid AI-driven changes.

 

 

 

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