POSCO to hire 6,000 full-time employees by 2020

SEOUL-- POSCO Co., South Korea's top steelmaker, said Tuesday it will hire 6,000 full-time employees by 2020, in line with the government's policy of raising job prospects for young people.

POSCO has hired about 1,000 full-time employees a year, but it will increase the number of job offerings to 1,500 a year.

President Moon Jae-in has pledged to encourage companies to hire more full-time "regular" workers.

In a statement, POSCO said the move is aimed at joining the government's campaign for job creation and securing workforce for the company's future growth plans to cope with the so-called fourth industrial revolution.

POSCO has planned to focus on materials for electric batteries as well as plant systems using the Internet of Things and artificial intelligence.

To help ease financial burdens for its suppliers, POSCO will increase fund provided to suppliers by 50 billion won (US$43.8 million) to 550 billion won, the company said.

The fund helps POSCO pay its small and medium-sized suppliers in cash that can help them in times of financial difficulties.

Source: Yonhap News Agency

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