POSCO wage deal rejected, raising prospect of prolonged labor dispute

Unionized workers at Korean steelmaker POSCO on Saturday voted down a tentative wage agreement reached with management that includes a 2.6 percent increase in base pay, union officials said. The vote showed 51.69 percent of the unionized workers opposed the wage agreement, while 48.31 percent approved it, according to the union. The tentative wage deal includes a 2.6 percent hike in base pay, a one-off payment of 6 million won ($4,500) and improved benefits. The union had initially demanded a 7.1 percent increase in base pay, a performance bonus equivalent to 600 percent of base pay, 50 company shares per worker and a holiday bonus equivalent to 200 percent of base pay. "We will probably need to open renegotiations as there were many opposing votes," a union official said. The union and management reached a tentative wage agreement on Oct. 30 after holding about 30 rounds of talks since June. Unionized POSCO workers staged two rounds of partial strikes in September to demand higher wages and bonuses.

The driver’s seat was empty and the steering wheel was turning on its own. Sitting in the back of a Pony.ai robotaxi in Shenzhen, I felt a flicker of nervousness. But as the car glided into traffic, the initial unease gave way to an appreciation of something far less futuristic: the blissful absence of small talk with the driver. My test rides in two of China’s major tech hubs – with Pony.ai in Shenzhen and Baidu’s Apollo Go in Beijing – offered a first-hand experience of how autonomous vehicles...

Gamers are actually easy to please. In this guide, we give you probably the easiest demographic to please because what they want is pretty much straight to the point: video games and anything that supports the fandom. IKEA x XBOX Collection The IKEA and XBOX collaboration came from left field. Gamers in the Philippines are

Schools are scrambling after Google said Tuesday that education leaders need to either accept some AI in classrooms or lose access to its search engine. School officials trying to push back on an encroaching AI are in a bind. The tech giant dominates search online, and it didn't give much time for districts to...

Mirae Asset Securities Co. said Saturday that it suffered cyberattacks that resulted in the leakage of account numbers some 3,800 customers and personal information of over 35,000 current, former employees and contractors. The South Korean brokerage said unauthorized external access occurred Wednesday and Thursday, targeting its mobile web phone authentication login service and internal system, respectively. They resulted in the leakage of some 3,800 customer account numbers and information on 35,255 current, former and contractors. The non-customer, corporate data leaked included names, employee ID numbers, email addresses, mobile phone numbers and passwords. Mirae Asset said it immediately blocked the affected access routes after detecting suspicious activity from external IP addresses and activated its emergency response system. The company also said it reported the incident to the Financial Services Commission, the Financial Supervisory Service and the Personal Information Protection Commission.

The Intel and AMD versions share most of their core specifications too, though their displays differ.

California voters are rejecting a proposal to impose a wealth tax on billionaire residents, marking a major win for tech and business executives, who spent hundreds of millions against the measure, according to a projection from Decision Desk HQ (DDHQ). According to DDHQ's analysis, 54 percent voted against the measure, while 46 percent voted for...

MANILA, Philippines — The Department of Science and Technology (DOST) will showcase three agricultural and aquaculture innovations at the 2026 National Science, Technology, and Innovation Week (NSTW) in General Santos City, on November 25–29.  The annual NSTW serves as a platform for presenting locally developed technologies and research initiatives that highlight the country’s scientific and

Elon Musk announced Friday that Tesla will wind down production of its Cybertruck next year after years of poor sales for the electric truck. In a post on the social platform X, the Tesla CEO said Cybertruck production will wind down at Gigafactory Texas in mid-2027 "to make room for increased Cybercab production." The Texas...

John Williams, the president of the Federal Reserve Bank of New York, said Friday inflation remains too high amid multiple price shocks. "Inflation is absolutely too ​high. It's been too high for too long," Williams said at a ​European Central Bank conference in Germany. He later added, "It's absolutely essential that we bring inflation back...

In the past, having noise-cancellation features in your calls or while listening to music was always on the hardware side. Devices such as the Samsung Buds 4 Pro or Apple’s own AirPods would have hardware-powered noise cancellation features that would drive up the price of devices. You can tell from the pricing – where regular

MANILA, Philippines – The Social Security System (SSS) and the Department of Information and Communications Technology (DICT) signed a data-sharing agreement to bring the MySSS card and select member services to the eGovPH superapp. Members will also be able to view their contribution history, their total number of contributions, and employer information on integration. “Our