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.
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