The POSCO Labor Union has agreed to extend the negotiation period following a recommendation from the Central Labor Relations Commission, allowing for continued dialogue with management. However, this extension is intended to give the company time to present a responsible final proposal. If there is no progress in the final adjustment meeting, the union plans to initiate legal dispute procedures.
On August 5, the Korea Metal Workers' Union, representing the POSCO Labor Union, announced that during the second adjustment meeting for the 2026 collective bargaining held at the Central Labor Relations Commission, they decided to extend the negotiation period based on the commission's recommendation. Consequently, both parties will engage in focused negotiations during the extended period, culminating in a final adjustment meeting scheduled for August 18 at 2 PM.
If a decision to halt negotiations is made at that time, the POSCO union will secure the right to strike.
Kim Sung-ho, chairman of the POSCO union, stated, "The company must present a responsible final proposal befitting the nation's top steelmaker. We will fulfill our responsibility for dialogue until the end, but if the decisions of our members are ignored again, we will take action according to legal procedures."
Meanwhile, both parties continue to have differing views regarding compensation levels in this year's wage negotiations. The union is demanding substantial improvements in treatment and compensation commensurate with performance, while the company argues that it must consider the downturn in the global steel market and declining profitability.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.