POSCO is facing poor performance and the risk of an unprecedented strike... ‘Choi Jeong-woo leadership’ at the edge of a cliff

Reporter Paul Lee / approved : 2023-10-31 03:18:36
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[Alpha Biz=(Chicago) Reporter Paul Lee] In addition to poor performance, the risk of an unprecedented strike has now been added. POSCO Chairman Choi Jung-woo's leadership, which is suffering from internal and external troubles, has finally been put to a real test.

Analysts say that the cause and reason for brightening Chairman Choi's prospects for his third consecutive term are becoming increasingly difficult to find at the moment.

Moreover, Chairman Choi was excluded from the list of large-scale economic delegations during President Yoon Seok-yeol's six-day state visit to Saudi Arabia and Qatar last week.

Earlier on the night of the 29th, POSCO's labor union said it was approved as "yes" as a result of a vote on the first labor dispute in 55 years. POSCO's strike risk has finally come to the surface.

As a result of a vote on the pros and cons of the "2023 act of dispute" for POSCO union members, 10,756 out of 11,145 voters participated, with 8,367 (77.79%) in favor and 2,389 (22.21%) against.

If the Central Labor Relations Commission fails to reach an agreement with the management in the process of coordinating collective bargaining, the union is expected to step up its struggle step by step.

POSCO's labor union previously held negotiations to conclude wage and collective agreements with the company 24 times from May to October, but failed to reach an agreement, and eventually filed an application for adjustment with the National Labor Relations Commission on the 10th and extended it for another 10 days.

However, the union's "yes" decision on the labor union's act does not mean POSCO's extreme strike right now.

With the passage of the dispute, behind-the-scenes negotiations between labor and management are considered to have entered a new phase.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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