- Title: South Korean workers strike over new wage system
- Date: 29th September 2016
- Summary: WORKERS CHANTING LEADERS OF THE UNIONS HUGGING EACH OTHER RALLY IN PROGRESS
- Embargoed: 14th October 2016 09:35
- Keywords: South Korea workers strike wages
- Location: SEOUL, SOUTH KOREA
- City: SEOUL, SOUTH KOREA
- Country: South Korea
- Topics: Conflicts/War/Peace,International/National Security
- Reuters ID: LVA00351MAURP
- Aspect Ratio: 16:9
- Story Text:South Korean workers at state-backed railways, hospitals and banks staged a strike on Thursday (September 29) to demand that the government roll back measures that link pay to job performance instead of seniority.
Police estimated that about 40,000 people took part in the rally in Seoul led by Korea Confederation of Trade Unions (KCTU) and Federation of Korean Trade Unions (FKTU), the country's two major umbrella unions, to demonstrate against the government's policies.
South Koreans working for the government and large companies enjoy a high degree of job security and until recently were promoted and paid largely based on seniority, a system the government has sought to revamp in order to improve on low levels of productivity.
South Korea is an economic powerhouse but its labour productivity ranked just 77th last year among 138 countries, according to World Economic Forum data.
- Copyright Holder: REUTERS
- Usage Terms/Restrictions: None