The Pohang Steel Union said on Monday that if the company is unable to come up with an acceptable plan during salary negotiations, union workers at the South Korean steel company will go on strike indefinitely next week. Prior to the warning, salary negotiations between Pohang Steel and the union broke down over the weekend. Pohang Steel said in a statement: “If the trade union initiates a strike according to the plan, the company will immediately launch an emergency production response mechanism, adjust production volume, and minimize the impact on customers and the domestic downstream industry.”

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