Thursday, 14 October 2021

The Real-Life Auto Strike Behind the Runaway Netflix Hit Squid Game

quote [ The real-life 77-day SsangYong strike resulted when the company unexpectedly laid off 43 percent of its entire workforce (2,646 workers) to facilitate a profit-driven transfer of its assets to global investors; the company was purchased by a Chinese company, Shanghai Motors, and then purchased again by an Indian company, Mahindra & Mahindra.

After the strike was violently suppressed, the strikers were blackballed from employment with other large Korean companies. In addition, SsangYong and local police used civil courts to sue them for damaging the company. Union members were ordered to pay hefty “economic damage” fines of about $9 million—a sum that these workers did not have and would never see in their lives. What’s more, the deferred interest on these fines was to increase by 620,000 won per day, soon exceeding 1.5 times the principal owed.

To pay these astronomical fines for their union activity, workers’ wages and assets (including even their homes) were sometimes seized by courts. They were delivered to SsangYong Motor Company or the police under Korea’s harsh anti-union “economic damage” compensation laws. ]

This article has spoilers for Squid Game. Pretty interesting read if you've already seen the show.
[SFW] [tv & movies] [+2 Underrated]
[by steele@10:44pmGMT]

Comments

damnit said @ 2:54am GMT on 16th Oct [Score:1 Interesting]
My mom used to work for a subsidiary gas company. It was the first and only one of it's kind at the time in our province. The union for the company ensured good working hours and other employee benefits like a sack of rice per month for each employee for their families.

A deal fell through and the union held a strike. After their demands were met, the parent company had problem selling the subsidiary to a global gas company. It wasn't one of their big cows so they were happy to part with it. She was transferred to the new branch, but the union leaders were blackballed. They lost many of the union benefits from the previous company.
steele said @ 7:08pm GMT on 15th Oct

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