Unionized workers at internet-only Kakao Bank vote to launch a full-scale strike on July 31, the bank’s labor union says. The union says talks with management over wage increases and other benefits have stalled and failed to narrow differences. Negotiations between the union and Kakao Bank’s management have focused on pay and benefits, but the sides do not reach agreement. The dispute comes as Kakao Bank reports strong financial performance earlier this year: in the first quarter, it posts operating income of 211 billion won on revenue of 1.94 trillion won, both described as quarterly highs. The report also links the situation to broader labor tensions within Kakao’s corporate group. Kakao Corp., the parent company, is also described as being in a labor dispute, with wage negotiations between management and labor deadlocked for the past two months. Unionized workers at Kakao Bank previously stage partial and limited actions, including a partial strike in early June and a full-day strike on June 29.
Kakao Bank union votes for full-scale strike on July 31
Unionized workers at internet-only Kakao Bank vote to launch a full-scale strike on July 31, the bank’s labor union says. The union says talks with management over wage increases and other benefits ha...
- Unionized workers at internet-only Kakao Bank vote to launch a full-scale strike on July 31.
- The strike decision follows stalled negotiations between the union and Kakao Bank management over wages and other benefits.
- The union and management fail to narrow their differences during pay and benefits talks.
- Kakao Bank reports first-quarter operating income of 211 billion won and revenue of 1.94 trillion won, both described as quarterly highs.
- Workers at Kakao Bank already carry out a partial strike in early June and a full-day strike on June 29.
Unionized workers at internet-only Kakao Bank have voted to launch a full-scale strike July 31, as talks with management over wage increases and other benefits fell through, its union said Tuesday. The labor union and Kakao Bank's management have been in negotiations over a pay raise and other benefits but failed to narrow differences. In the first quarter of the year, Kakao Bank logged an operating income of 211 billion won ($143 million) on revenue of 1.94 trillion won, both quarterly highs. Its parent Kakao Corp. also has been mired in a labor dispute as wage negotiations between management and labor have been deadlocked for the past two months. Kakao's unionized members staged a partial strike in early June, which followed a full-day strike June 29.
7 hours agoKakaoBank's logo / Courtesy of KakaoBank
9 hours ago
Woman tests positive for dengue as Gurgaon’s case count rises to five
A woman in Gurgaon tests positive for dengue, according to reports from Times of India. With this result, the total numb...
Multiple Porsche 911s and related models are offered for sale online via Bring a Trailer listings
Bring a Trailer listings feature a range of Porsche 911 models spanning the 1980s through the late 2010s, each presented...
IndiGo signs record MoU with CFM for 1,000+ LEAP-1A engines
IndiGo signs a memorandum of understanding with CFM International for more than 1,000 LEAP-1A engines, making it the lar...