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To: DJBEINO who wrote (42544)	1/28/1999 11:35:00 AM
From: Joe Griffin	Read Replies (1) \| Respond to of 53903

This stock MUST rise rapidly on any news of supply shortages.

To: DJBEINO who wrote (42544)	1/28/1999 12:50:00 PM
From: grok	Respond to of 53903

A few years ago there was a lot of handwringing in the US about how the "labor/management contract" for lifetime employment had been broken. It don't think that there ever was such a thing in the US and from your post it is clear what a disaster the expectation of "lifetime employment" can bring. -------------------------------------------- Semiconductor Sector In Chaos When LG announced at the start of the month that it would allow its semiconductor business to be absorbed by Hyundai Electronics for a cash payment and a minimum guarantee of employment for workers there, it seemed as though a smooth transition would take place. However, workers at LG Semicon are now on an all out strike and several thousand from the Chongju and Kumi plants converged on LG headquarters in Yoido, Seoul to hold a rally demanding the survival of the company as an individual entity, as well as job guarantees. The five day strike since January 24, has seen many companies that rely on parts from LG, including Hewlett Packard and IBM, looking for alternate sources as their production lines are hit. In Yongsan Electronics Market, the price of DRAM chips has risen 10% during the duration of the walkout. Workers are demanding 60 months severance pay from LG and job guarantees of between five and seven years from Hyundai. This is seen as a reflection of workers perception of the insincerity of Hyundai's management who promised no lay-offs when it too over Kia and then promptly fired 30% of the work force. Hyundai refuse to make any promises regarding guarantees. LG say that it will return the mass resignations handed in, but will only pay compensation according to legal requirements.