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NA bill to guarantee labor succession following M&A

By | translator Alice Kang

21.05.27 12:00:35

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NA member Ok-Joo Song proposes a bill to protect workers from transfer of businesses

Strengthens labor-management council and specifies the workers¡¯ right to refuse labor succession and right to object

Prepared to provide opportunity to relieve anxiety that arises from job instability¡¦labor unions welcome the bill


A bill that guarantees the succession of labor relations in changing businesses such as mergers or business transfers is being promoted. With the introduction of such a bill soon expected, eyes are on whether and how the pharmaceutical industry will also be affected by the bill. In particular, the bill is expected to pull the brakes on the unilateral notifications given by multinational pharmaceutical companies that undergo frequent mergers and divisions.

Ok-Joo Song (Democratic Party of Korea), member of the Environment and Labor Committee of the National Assembly, submitted the ¡®Act on the protection of workers changing business, etc.¡¯ as a representative, which is the first bill to stipulate the

(same@dailypharm.com)
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