LG Chem agrees to truckers' demand for higher fee

19 June 2008 03:18  [Source: ICIS news]

SINGAPORE (ICIS news)--LG Chem has agreed to raise transport fees by 20.5% in response to demands by striking unionised truckers in Daesan, South Korea, in a move that may be replicated by other companies in the area, a company source said on Thursday.

“With the completion of talks in our Yeosu complex, we made time to hold a negotiation session with the union today morning and both parties have agreed upon a 20.5% increase in transportation fees,” the source said in Korean.

Unlike union members in Yeosu, the union agreed to resume transporting goods for LG Chem within the day, the source added.

Companies in Yeosu had agreed upon a 13% increase in transportation fees on Wednesday.

Unionised truckers, joined by several non-union workers, have been on a nationwide strike since 13 June, demanding higher wages and higher transportation fees.

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By: Brian Myung
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