Petrochemical Industry Faces Production Cuts... Construction Union Joins Strike in Solidarity
[Asia Economy Reporter Han Ye-ju] On the 7th, the second week of the general strike by the Cargo Solidarity Headquarters of the Korean Confederation of Trade Unions Public Transport Workers' Union (Cargo Solidarity), the logistics flow showed partial recovery centered on the steel industry.
Hyundai Steel, SeAH Steel, Dongkuk Steel, and others located in the Pohang Steel Industrial Complex in Gyeongbuk had been piling up products around their factories due to delayed shipments, but started shipping some products from this day.
Hyundai Steel's Pohang plant began shipping 50% of the planned daily volume, mainly by non-union workers, and POSCO Pohang Steelworks also started shipping some products from this day. Steel piled up inside the Gwangyang Steelworks has also been partially shipped out since the afternoon of this day.
The number of gas stations nationwide running out of fuel due to the Cargo Solidarity strike decreased from 96 on the 5th, to 81 on the 6th, and 78 on this day.
However, the petrochemical industry is showing signs of production cuts as shipment of produced products is disrupted due to transportation difficulties. The government plans to hold an extraordinary Cabinet meeting on the 8th to issue an additional work commencement order following the cement industry. It is known that the additional work commencement order will likely target the steel and petrochemical sectors.
Meanwhile, as the Construction Workers' Union joins in sympathy strikes across the country, construction sites are experiencing work stoppages. Since the 5th, concrete pouring workers have joined the Cargo Solidarity sympathy strike, and from the 8th, members of the Construction Machinery Union's ready-mixed concrete and concrete pump truck workers are also scheduled to strike.
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