Standard Chartered’s Korean Banking Unit Workers to Strike
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Workers at Standard Chartered Plc’s South Korean banking unit plan to strike from June 27 to protest the company’s plan to change its salary system, leaving the bank with about half its workforce.
About 3,000 union members at Standard Chartered First Bank Korea Ltd. plan to walk off the job “indefinitely,” Bae Kwang Jin, a spokesman for the workers’ union, said by phone today. The unit’s total workforce was about 6,500 as of March 31, according to the lender’s regulatory filing.