Striking South Korean truckers say they may block coal to power plant

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

The trucker strike has cost key industrial sectors more than $1.2 billion in lost production and unfilled deliveries, the South Korean government estimates on Monday, June 13.

SEOUL, South Korea – Striking South Korean truckers are considering blocking shipments of coal to a power plant if the government rejects their demands for minimum pay guarantees, a senior trade union official said on Monday, June 13.for a seventh day, is weighing several options to press its demands, including stopping coal to generate electricity and shutting down petrochemical complexes by blocking their shipments in and out.

The union is protesting against soaring fuel prices and demanding minimum pay guarantees. Four rounds of negotiations with the government have failed to find a compromise. The strike is a major test for South Korea’s new conservative president Yoon Suk-yeol, raising the risk of eroding his support, distracting him from his agenda, and sowing the seeds of long-term antagonism with powerful unions.

It also caused manufacturing losses of 5,400 vehicles for South Korean automakers between June 8 and 11, according to the Korea Automobile Manufacturers Association, with Hyundai Motor cutting production for some assembly lines. Cement makers have also reduced output.Petrochemical firms have seen average daily shipments from factories tumbling 90% as truckers target complexes in Ulsan, Yeosu, and Daesan, an industry association said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Korean actor Kim Soo-hyun arrives in Korea after fan meeting in ManilaKorean actor Kim Soo-hyun returned to South Korea on June 12 after holding his fan meeting in the Philippines on June 10.
Source: manilabulletin - 🏆 25. / 51 Read more »

Pride is happening in this hotel down southCrimson Hotel Filinvest City welcomes June with artists celebrating the LGBTQIA+ spirit
Source: manilabulletin - 🏆 25. / 51 Read more »

‘Squid Game’ creator hints at what to expect in season 2Squid Game creator Hwang Dong-hyuk dropped a few new hints regarding the hit South Korean show’s second season and potential release date in 2023 or 2024.
Source: PhilippineStar - 🏆 7. / 71 Read more »

Truckers Strike Threatens To Hit Hyundai, Kia Vehicle Supply | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »

Rich nations may fork out billions to wean Indonesia off coal power | Philip Heijmans / & Dan Murtaugh / BloombergEver since Indonesia accelerated plans last year to achieve carbon neutrality, a parade of climate envoys from developed nations has headed to the archipelago, offering assistance and financial aid in exchange for a commitment by the world’s biggest exporter of coal by weight to phase out coal power. Officials from the US and Europe…
Source: BusinessMirror - 🏆 19. / 59 Read more »