Unionized workers at No. 1 internet-only Kakao Bank to stage 5-day strike
Summary
Unionized workers at internet-only Kakao Bank will stage a five-day strike from Aug. 31 to Sept. 4 after talks with management over wage increases and other benefits stalled. The union said the two sides failed to narrow their differences. Workers had already gone on a full strike on July 31. Kakao Bank reported first-quarter operating income of 211 billion won on revenue of 1.94 trillion won.
Key Facts
- The strike is set to run from Aug. 31 to Sept. 4.
- The union and management were negotiating over a pay raise and other benefits but failed to narrow outstanding differences.
- Kakao Bank posted first-quarter operating income of 211 billion won on revenue of 1.94 trillion won, both quarterly highs.
- Unionized workers at Kakao Corp., the bank's parent, reached a final wage deal earlier this month after a three-month dispute.
KakaoBank logo / Courtesy of KakaoBank
Unionized workers at internet-only Kakao Bank will launch a five-day strike as talks with management over wage increases and other benefits have stalled, its union said Thursday.
The labor union and Kakao Bank's management have been in negotiations over a pay raise and other benefits but failed to narrow outstanding differences.
The union said the strike will run from Aug. 31 to Sept. 4.
On July 31, the unionized workers also went on a full strike.
In the first quarter of the year, Kakao Bank logged an operating income of 211 billion won ($143 million) on revenue of 1.94 trillion won, both quarterly highs.
Unionized workers at the bank's parent, Kakao Corp., and its management, meanwhile, reached a final wage deal earlier this month after a three-month dispute.
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