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LG Semi strikes threatened

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Internet Security Threat Report 2014

Reliable reports said that LG Semi workers are set to take strike action Monday next because of uncertainty over their future. At the end of last month, Hyundai and LG struck a reluctant deal, forced by the South Korean government, in which the former would take over the latter's semiconductor business. LG reacted in fury to the deal, and was pressing hard for Hyundai to guarantee seven year contracts for its Semicon workers. It also wanted more money than Hyundai was prepared to pay for the transfer of technologies, fab plants and workers. Now the LG Semicon workers are understood to have taken the matter into their own hands and will call the strike from the beginning of next week. The report of disruption to the LG Semicon business came from an international distributor of its memory products, which did not wish to be named. ®

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