POSCO CEO set to meet union in last-ditch push to end stalled wage talks

POSCO's labor union announced an indefinite strike starting November 2 after wage talks collapsed. The union demands a 7.1% base-pay increase, while management offered 2.5%. Previous partial strikes occurred in September. POSCO plans to adjust production if the strike proceeds.

POSCO Labor Union announced an indefinite strike starting next month after wage negotiations with management failed. The union demands a 7.1% base pay increase, while the company offered 2.5%. The strike could disrupt production and impact customers, according to the company.

Samsung C&T and POSCO E&C won Seoul apartment remodeling contracts. Samsung C&T secured a 125 billion won project for Banpo Prugio, while POSCO E&C won a 526.4 billion won project for Isu Shindonga Complex 4. Both projects will proceed under private contracts.

Posco's union announced an indefinite strike starting November 2 after wage talks failed. The union sought a 7.1% pay raise and a 600% bonus, while Posco offered 2.5% and a one-time payment. This follows earlier partial strikes. According to the union, negotiations collapsed due to disagreements on wage increases and other issues.

Posco E&C won a 526.4 billion won ($397 million) contract to remodel the Isu Shindonga 4 apartment complex in Seoul, with 92.6% approval from the project association. The project will increase units from 912 to 1,048 and include various amenities. Posco E&C aims to deliver high-quality residential spaces.

POSCO E&C won a 526.4 billion won contract to remodel the Isu Shindong-A 4 Complex in Seoul, increasing households from 912 to 1,048. The company was selected with 92.6% approval and will proceed as the sole bidder. The project includes new amenities and a proposed name change to 'The Sharp Isu Station El Platz.'