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POSCO Demands 7.1% Basic Pay, Hyundai Steel Demands 150% Performance Bonus Increase; Labor Negotiations Intensify Amid Deteriorating Steel Industry Performance
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global_markets BEAR 65/10 Google News Stock Market · 2h ago

POSCO Demands 7.1% Basic Pay, Hyundai Steel Demands 150% Performance Bonus Increase; Labor Negotiations Intensify Amid Deteriorating Steel Industry Performance

Labor unions at POSCO and Hyundai Steel are demanding significant pay increases (7.1% basic pay, 150% performance bonus) as labor-management negotiations begin, despite the steel industry's deteriorating financial performance.

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