[Alpha Biz= Paul Lee] SK Siltron’s labor union staged a rare protest in front of SK Group’s headquarters in Seoul, citing a breakdown in collective bargaining and growing job insecurity as the company enters final-stage negotiations for a potential sale. The union said labor talks have made no substantive progress for months and may spill into next year for the first time in the company’s history.
Union leaders criticized management for failing to share any information regarding the sale process, arguing that employment security, full succession of the collective agreement, and future working conditions must be guaranteed before any deal proceeds. They also warned Doosan—considered the leading bidder—that acquiring the company before resolving labor issues would expose it to immediate instability and conflict.
Industry sources say SK Group and Doosan are close to signing a stock purchase agreement for SK Inc.’s 70.6% stake, with an estimated deal value between 1.5 trillion and over 2 trillion won.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
