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No Entry Level Pay Reduction for Korean Finance Employees
Published: 25 October 2011
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Defying the Korean governments guidlines for 20% reduction of entry level pay for bank employees. KFIU negoatiated and wage settlement with 4.1% increase with Korean Bankers Association on 20th October 2011. UNI affiliates KFIU, KFCLU & KFPTU organized mass agitational campaigns against the government guidelines to reduce the entry level pay for bank employees. "The most successful provision in the agreement is related to restore the original salary level for new comers who entered the Banks in 2009,This is a victory for unions and it will strength to organize young workers into the unions," said Kim Moon-Ho, President of KFIU . Kim Moon-Ho, President of KFIU(Korea Finance Industry Union) and Mr. Shin Dong-Kyu, chairman of Korean Bankers Association signed CBA agreement with attendance of union leaders and CEOs of Banks |
