POSCO Labor Union Approves Strike Authorization Vote with 92% in Favor

92.2% of Union Members Approve Strike Authorization
Final Decision to Be Made After Additional Negotiations and Central Labor Relations Commission Mediation

The POSCO Labor Union, which represents the Korean Metal Workers' Union Federation of POSCO, approved a vote on industrial action regarding this year's wage and collective bargaining negotiations on July 9.

POSCO Labor Union. Yonhap News Agency

According to the POSCO Labor Union, 97.1% of union members participated in the industrial action vote held on July 8 and 9, with 92.2% voting in favor.

Labor and management have held three negotiation sessions since the initial meeting on June 12, but have yet to reach an agreement.

The union plans to proceed with additional negotiations and a mediation process by the Central Labor Relations Commission. If no common ground is found in this process, industrial action such as a strike remains a possibility.

Union head Kim Sungho stated, "The high turnout and overwhelming support are not because we want a strike, but are an urgent warning from the field to set the company right," adding, "We will prioritize resolving the issue through dialogue, but if the company continues to ignore the voices on the ground, it must also bear responsibility for the consequences."

The company responded, "We will sincerely engage in negotiations to reach a rational and amicable agreement between labor and management."

This content was produced with the assistance of AI translation services.