Bright Sam's Blog

Sunday, February 29, 2004

U r fired, layoff frm 2day

SEOUL: South Korea's third-largest credit card issuer fired a quarter of its workforce via mobile phone text messages on Friday, after negotiations with striking unionized workers broke down.
KEB Credit Service Co sacked 161 employees, a spokeswoman for the company's parent bank said.
" The layoff date is February 28," the message said, according to a member of the union. "We will receive applications for voluntary retirement package until February 28."
The firm said it had no method for contacting striking staff other than using the short message service ( SMS ).
Unionized workers, who make up nearly 90 percent of the firm's 662 staff, have been on strike since mid-December over a takeover by Korea Exchange Bank (KEB), fearing job cuts.

What's next? Don't be surprised if it happens in India too!
Source: Timesofindia

// posted by Bright Sam @ 9:12 PM Link to this post
Write to me: bright_sam@yahoo.com
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Sunday, February 29, 2004

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