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05 Mar

Hyundai Steel resumes wage negotiations to avoid strike

South Korean steelmaker Hyundai Steel will resume wage negotiations with the Metal Union on 6 March. If an agreement cannot be reached in this latest round of talks, the 16th since negotiations began in July 2023, workers may go on strike at five Hyundai Steel plants in March, Kallanish notes. Hyundai Steel said its operating profit fell sharply last year as the steel market deteriorated, but workers are demanding special performance bonuses at the same level as …
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