The Kakao Bank labor union has canceled its planned five-day strike set to begin on August 31, following a significant agreement reached between management and labor regarding key wage negotiation issues.
The National Chemical Fiber Food Industry Labor Union's Kakao branch announced on August 27, "The strike scheduled from August 31 to September 4 has been canceled due to an agreement between Kakao Bank and its labor union."
Negotiations lasted over six hours, starting at 3 p.m. the previous day, during which both sides narrowed their differences on major issues, leading to a consensus to resolve the matter through further negotiations instead of a strike.
However, the wage negotiations have not yet reached a final agreement. The union stated, "While the discussions have progressed positively, they are not yet finalized."
Previously, the Kakao Bank union had conducted two full-day strikes and legal protests during the wage negotiation process. They had warned of a continuous five-day strike from August 31 to September 4 if there were no substantial changes in the company's proposals.
Kakao Bank expressed its commitment to providing more stable financial services to customers and working towards the bank's growth following this agreement.
The National Chemical Fiber Food Industry Labor Union's Kakao branch announced on August 27, "The strike scheduled from August 31 to September 4 has been canceled due to an agreement between Kakao Bank and its labor union."
Negotiations lasted over six hours, starting at 3 p.m. the previous day, during which both sides narrowed their differences on major issues, leading to a consensus to resolve the matter through further negotiations instead of a strike.
However, the wage negotiations have not yet reached a final agreement. The union stated, "While the discussions have progressed positively, they are not yet finalized."
Previously, the Kakao Bank union had conducted two full-day strikes and legal protests during the wage negotiation process. They had warned of a continuous five-day strike from August 31 to September 4 if there were no substantial changes in the company's proposals.
Kakao Bank expressed its commitment to providing more stable financial services to customers and working towards the bank's growth following this agreement.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.