Korean Kumho management, union talks stall on differences
22 August 2002 03:41 [Source: ICIS news]
SINGAPORE (CNI)—Talks between Kumho P&B Co’s management and striking labour union have been temporarily stalled, as the ‘gap’ between what the workers are demanding and what the management is willing to offer remains ‘big’, a company source told CNI on Thursday.
About 200 of the company’s unionised workers are on strike, demanding an increase in wages. It could not be immediately ascertained what their specific demands were, but the source said that he felt there was a possibility of the strike being resolved within the month.
The strike has forced the company to shut its 30 000 tonne/year No 1 phenol line at its plant in Yosu, South Korea.
Kumho continues to operate another 100 000 tonne/year phenol line and a 90 000 tonne/year cumene plant with the aid of its ‘white-collar’ employees.
The company is a 50:50 joint venture between Nippon Steel and Korea’s Kumho Petrochemicals.
By: Iqbal Anand
+65 6780 4359
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