Daewoo Construction Union's General Strike Approved by 96%: "Opposition to Secretive and Preferential Sale"

In front of the Daewoo E&C headquarters in Euljiro, Jung-gu, Seoul, a banner and wreaths installed by the Daewoo E&C labor union are placed.

The Daewoo Construction labor union has overwhelmingly voted in favor of a general strike to block the sale.

The Daewoo Construction branch of the National Construction Enterprise Labor Union announced on the 19th that, following a strike vote held from the 15th to the 19th among union members for "securing the 2021 wage negotiations and opposing unfair sales," 85.3% of members participated, with a 95.9% approval rate for the strike.

The union claimed that during the company's sale process, the major shareholder KDB Investment (KDBI) violated proper procedures by conducting a re-bidding, causing approximately 200 billion KRW in losses to the company.

They added, "The illegal act of unfairly lowering the bid price is a clear breach of trust," and stated, "After legal review, we plan to file charges against the responsible parties at the Korea Development Bank and KDBI."

Regarding Jungheung Construction, which was selected as the preferred bidder, the union said, "They ignored the principle of competitive bidding," and declared, "We will file charges for bid interference and strongly carry out efforts to block due diligence and oppose the acquisition."

The union emphasized, "Since the members overwhelmingly supported the general strike, we will launch an all-out struggle against KDBI, which has conducted unreasonable deposit negotiations, and against the Korea Development Bank and KDBI, who have tainted the company sale with secretive and preferential treatment."

The union stated that the specific methods and schedule for the general strike will be decided through the Emergency Countermeasures Committee for Sale Response.

This content was produced with the assistance of AI translation services.