GGM Union Demands End to Union Suppression Through Early Loan Repayment Pressure

The Gwangju Jeonnam Branch of the Korean Metal Workers' Union held a press conference in front of the Presidential Office in Yongsan, Seoul, on the 18th. Provided by the Gwangju Jeonnam Branch of the Korean Metal Workers' Union

The Gwangju Jeonnam Branch of the Korean Metal Workers' Union stated on the 18th, "We condemn Gwangju Global Motors (GGM) for denying the three basic labor rights and suppressing the union through financial institutions."

The union held a press conference in front of the Presidential Office in Yongsan, Seoul, on this day, asserting, "GGM management announced to union members that they had received demands from eight banks for early repayment of loans totaling 196 billion won, in an attempt to neutralize the union."

The union further emphasized, "The demand for early loan repayment constitutes a violation of the Labor-Management Win-Win Cooperation Agreement (Win-Win Agreement), and it is GGM management, not the union, that has breached the agreement. Nowhere in the Win-Win Agreement is there a 'no union, no strike' clause."

They also added, "Even the labor authorities have recognized several cases of unfair labor practices, including refusal to engage in collective bargaining, neglecting such obligations, slandering the union, and unfair disciplinary action against the union branch president. The government must thoroughly investigate the unfair credit policies of GGM and the financial institutions."

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