Moon calls labor deal to counter COVID-19 pandemic ‘very meaningful’

SEOUL, President Moon Jae-in said Tuesday it’s “very meaningful” for the labor, the business and the government to have produced an agreement on a cooperative response to the social and economic fallout of the novel coronavirus crisis.
He admitted, however, that the deal is not flawless, citing a hard-line umbrella union’s boycott of the compromise.
He was speaking at a signing ceremony for the accord, which is based on more than 40 days of “social dialogue” among representatives from the three parties. It calls for joint efforts to minimize job cuts, share burdens and expand the social safety net.
The Economic, Social and Labor Council, a presidential panel launched in 2018, put the final touches on the trilateral pact, regarded as largely symbolic with no specific measures stipulated.
Still, it represents the first agreement in 22 years by the three key economic players of South Korea since the 1998 Asiawide financial crisis.
Moon noted that it would have been better with the participation of the Korean Confederation of Trade Unions (KCTU).
“But it’s a very meaningful accomplishment, given that each economic player made a one-step concession for that,” Moon said during the event held at the council’s headquarters in the central Seoul district of Jongno.
SEOUL, President Moon Jae-in said Tuesday it’s “very meaningful” for the labor, the business and the government to have produced an agreement on a cooperative response to the social and economic fallout of the novel coronavirus crisis.
He admitted, however, that the deal is not flawless, citing a hard-line umbrella union’s boycott of the compromise.
He was speaking at a signing ceremony for the accord, which is based on more than 40 days of “social dialogue” among representatives from the three parties. It calls for joint efforts to minimize job cuts, share burdens and expand the social safety net.
The Economic, Social and Labor Council, a presidential panel launched in 2018, put the final touches on the trilateral pact, regarded as largely symbolic with no specific measures stipulated.
Still, it represents the first agreement in 22 years by the three key economic players of South Korea since the 1998 Asiawide financial crisis.
Moon noted that it would have been better with the participation of the Korean Confederation of Trade Unions (KCTU).
“But it’s a very meaningful accomplishment, given that each economic player made a one-step concession for that,” Moon said during the event held at the council’s headquarters in the central Seoul district of Jongno.

Source: Yonhap News Agency

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