S Korea’s Yeosu accepts union’s 13% hike demand

18 June 2008 06:34  [Source: ICIS news]

SINGAPORE (ICIS news)--There may be an end in sight to the transport strike in South Korea’s Yeosu city with the government and companies agreeing to the union’s demand of a 13% hike in transport fees, a source from a Yeosu-based company said on Wednesday, confirming local media reports.

"We have all agreed on a 13% hike in transport fees with effect from 1 June. All transportation fees from 1 June will be paid with the revised rates," the source said in Korean.

While cargo trucks of up to five-tonne capacity may commence work within a day, container truck drivers planned to wait for their counterparts striking in other areas to reach an agreement with the authorities, the source added.

Union members, joined in by many non-union members have been on a nationwide strike since 13 June, demanding higher wages and higher transportation fees.

To discuss issues facing the chemical industry go to ICIS connect

By: Brian Myung
65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly