South Korean steel giant Posco announced a landmark decision on Tuesday to directly employ approximately 7,000 workers currently affiliated with its partner companies. This significant strategic move aims to fundamentally address the country’s long-standing subcontracting labor structure within the industry.
Considered a highly unconventional and pivotal step for a major industrial player, this initiative involves transitioning partner company workers who provide essential support for production operations at Posco’s primary steel plants. These critical facilities are located in the southern cities of Pohang and Gwangyang.
The global steelmaker confirmed that the direct employment process for these 7,000 on-site personnel, currently operating under partner firms, will be implemented gradually, integrating them as full-fledged Posco employees.
