Unions drive a wedge in merger

Korea's Shinhan Financial Group is finally about to take over Cho Hung Bank to create the country's second-largest bank. At the end of June, Cho Hung's union called a snap strike because it was unhappy about the conditions of the merger. Now Shinhan's union is threatening action...

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Bibliographic Details
Published in:Euromoney 2003-07, p.1
Main Author: Cockerill, Chris
Format: Article
Language:English
Subjects:
Bank acquisitions & mergers
Strikes
Online Access:Get full text
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Summary:Korea's Shinhan Financial Group is finally about to take over Cho Hung Bank to create the country's second-largest bank. At the end of June, Cho Hung's union called a snap strike because it was unhappy about the conditions of the merger. Now Shinhan's union is threatening action if the Cho Hung name is kept and Cho Hung workers aren't fired in the first three years.
ISSN:0014-2433