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Standard Chartered Korea First Bank Strike Successful
Published: 3 June 2011
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Standard Chartered Korea First Bank [SCKFB] branch union successfully launched a days token strike on 30th May in Seoul Korea. Over 2500 members joined the strike in solidarity to resolve their long-standing dispute over the payment of annual wage increments for 2010. The union members have rejected the discriminative performance incentive scheme proposed by the bank. "SCKFB management's effort to weakened the union by introducing a unfair discriminative incentive scheme will be defeated by the collective strength of the finance industry trade unions in Korea" said the SCKFB branch union President Kim Jae-Yul, who called off his six days hunger strike on 29th May . Our fight is not merely on the wage issues with the bank, we are also against the short-term speculative business strategies of the bank; said the union President at a speech before the commencement of the strike. UNI affiliate KFIU, President Kim Moon-Ho joined the strike in solidarity with union officials of 34 branches and assured support to SCKFB union; congratulating their struggle to protect the banking industry in Korea from speculative capital. Lee Yong-Deuk President of Federation of Korean Trade Unions [ FKTU] expressed their support in solidarity with SCKFB union |
