Union, Daewoo Shipbuilding agree to end strike

Asia Times, 30 April 1999

KOJE ISLAND, South Korea—The union and management of Daewoo Heavy Industries’ shipbuilding unit agreed Wednesday to end a nine-day strike.

In a working-level meeting, the two sides signed an agreement requiring the company to scrap its plan to sell the shipbuilding unit and instead attract overseas capital via a strategic partership with a foreign company.

The company guaranteed employment of its workers and consideration of the union’s opinion when conducting negotiations for attracting foreign capital.

The union will cooperate with Daewoo Heavy’s efforts to normalize operations at a factory rendered motionless by the strike, which began on April 20.

Unionized workers will go back to work Thursday after being briefed on the contents of the agreement from union delgates and Daewoo Heavy’s departmental chiefs.