POSCO union calls 'indefinite' strike

The breakdown in the latest round of negotiations with management over wages and conditions has led union leadership at POSCO, South Korea's largest steel company, to call an 'indefinite' strike to commence at 7pm on November 2.

The strike, if it goes ahead, will be the third following the 'partial' strikes on September 9 and 16, as Mysteel Global reported. They were the first in POSCO's 58-year history and had involved union members from the electrical steel plant and No. 2 hot-strip mill at the Pohang