The POSCO Labor Union, the lead bargaining union affiliated with the Federation of Korean Trade Unions' Korean Metal Workers' Federation, said on the 9th that its members had voted to approve industrial action.
According to the union, 97.1% of members took part in the industrial action vote held on the 8th and 9th regarding this year's collective bargaining, with 92.2% of participating members voting in favor.
Earlier, POSCO's labor and management held three rounds of negotiations following their first meeting on the 12th of last month.
The union will now proceed with further negotiations and collective bargaining mediation procedures through the National Labor Relations Commission.
If it fails to reach an agreement with management during this process, the union plans to move toward a strike.
"We will make resolving the issue through dialogue our top priority, but if the company ultimately turns a blind eye to voices from the field, it will have to bear full responsibility," POSCO Labor Union Chairman Kim Sung-ho said.
Management said, "We plan to engage sincerely in negotiations so that a reasonable and amicable agreement can be reached."
