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To: John Graybill who wrote (42506)	1/26/1999 4:24:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Turmoil at LG continues as workers shut eight fabs By Jack Robertson WASHINGTON -- Workers at all eight of LG Semicon's South Korean fab lines walked off their jobs today in protest against the pending acquisition of the company by Hyundai Electronics Industries Co. If the complete shutdown continued for any length of time the loss of output could reduce the global oversupply of DRAM chips significantly at a time when demand remains strong (see Jan. 25 story). The escalating labor dispute involves workers' demands that Hyundai give them seven-year job guarantees after taking over the LG chip operations. Hyundai has pledged to refrain from any major layoffs after the LG acquisition, but steadfastly refuses to provide such long-term job guarantees. The LG disruptions started last week with only work slowdowns, but escalated Monday when employees at the Chungju fab walked out. The dispute has further stymied talks between the two companies to agree on final terms of the acquisition, including the sticky question of price. Originally the two sides had predicted the purchase deal would be completed by March. However, with little progress in discussions, the union of the two chip operations appeared as deadlocked as ever. semibiznews.com