Thursday, July 19, 2007

Hyundai Steel Workers Strike Over Pay at Two Plants; Production Disrupted

(Bloomberg) -- Hyundai Steel Co., South Korea's
second-largest steelmaker, said output was disrupted today at
two of its three local plants as unionized workers staged a
strike to demand higher pay.

The workers, asking for a rise of 8.2 percent, walked out
at the Incheon and Pohang mills, Chang Young Sik, a Hyundai
Steel spokesman, said by phone. Details of the disruption
weren't available. The company is offering 3.9 percent.


Read more at Bloomberg Commodities News

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