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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (3836)5/24/1998 10:19:00 PM
From: MikeM54321  Read Replies (1) of 9980
 
Well it looks like strike is "on." Got this out of today's (Monday's really, International Date Line) Joongang-Ilbo newspaper.
MikeM(From Florida)

>>Time for Labor, Management and Government to Cooperate
This week will be the most critical time for the labor, management and the government. With or without the consent of the Korean Confederation of Trade Unions(KCTU), the government will hold the second round of labor, management and government committee June 1. And accordingly, the KCTU is planning to set off two large-scale demonstration against the government. This leaves Korea faced with an impasse regarding the layoff problem, inevitable in the course of eoconomic restructuring. Korea needs to turn the tide wisely at this critical time lest it should come to an irrevocable disaster.

Especially, the labor and the management should, by all means, avoid the anticipated clash in the face of Hyundai Motors layoffs on May 27. Although the labor unionists are right in that laborers are stripped of means to survive by the mass layoffs, violence will only drive Korea into a corner as the plunged international credibility has shown.<<
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